Lufthansa, TUI shares plunge in pre-market trade as Iran war triggers travel chaos

Key Takeaways

• The US–Israel–Iran conflict has disrupted over 1,200 flights and shut key Gulf transit hubs including Dubai, Abu Dhabi and Doha, leading to stranded passengers and major airline disruptions (e.g. Lufthansa, TUI) (theguardian.com)
• Airspace closures across Middle East nations—such as Iran, Iraq, Israel, Syria and Kuwait—have forced reroutes, increased flight times and fuel utilization, pressuring airline margins and investor sentiment (businessinsider.com)
• Rising geopolitical tensions have driven oil prices up sharply—by as much as 13%—further inflating jet‑fuel costs and exacerbating financial strain on travel operators like Lufthansa and TUI (theguardian.com)