BUZZ-Australia's Qantas Airways extends losses as Middle East war escalates
Reuters03-03
BUZZ-Australia's <a href="https://laohu8.com/S/QABSY">Qantas Airways</a> extends losses as Middle East war escalates
** Shares of Qantas AirwaysQAN.AX extend losses as the Middle East war escalates, spiking fuel prices
** QAN falls as much as 3.9% after closing 5.4% lower in its previous session
** Oil prices have surged, potentially driving up the cost of jet fuel and hurting airlines' profits
** Globally, airline stocks remain under pressure as well
** YTD, QAN down 12%, including day's moves
(Reporting by Rajasik Mukherjee in Bengaluru)
((Rajasik.Mukherjee@thomsonreuters.com))
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