Asian carriers like Cathay Pacific Airways and Singapore Airlines are among the best positioned airlines to weather the war in the Middle East as travelers scramble for flights ¡ª and pay huge premiums ¡ª to escape the conflict.
Asian airlines have emerged as one of the go-to choices for people leaving the Middle East in the wake of U.S. and Israeli strikes on Iran. Extensive airspace closures mean carriers like Emirates and Qatar Airways QCSC have essentially ground to a halt, creating opportunities for rivals that can fly nonstop between Europe and Asia.
Passengers in European hubs are handing over huge sums of money to secure a seat to Asia on flights that bypass the Middle East.
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