Cathay Pacific Airways Ltd

00293: XHKG (HKG)
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Asia's Leading International Airlines See Share Prices Fall on War Impact to Cost

Share prices of ANA, Cathay Pacific, and Singapore Airlines are falling 5%-7% in reaction to the rise in oil prices due to the outbreak of the war in Iran. The Brent crude futures price has gained 31% year to date to over $79 per barrel on the risk of disruption to Iranian oil output.

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