Five Asia-Pacific Airlines Face Fuel Shock: Divergent Outcomes

The Iran war closed Gulf airspace and spiked fuel prices, leading to divergent Q2 results among five major Asia-Pacific carriers. Korean Air saw revenue grow 26% but its margin halved to 5%; Cathay Pacific performed best due to its Hong Kong hub advantage; Japan Airlines and ANA were hampered by Tokyo's connecting geography; Singapore Airlines posted a net loss due to its stake in Air India.