BUZZ-Australia's Qantas Airways extends slide as wider Mideast war deepens fuel‑cost pressures
Reuters03-04 12:54
BUZZ-Australia's <a href="https://laohu8.com/S/QABSY">Qantas Airways</a> extends slide as wider Mideast war deepens fuel‑cost pressures
** Shares of Qantas AirwaysQAN.AX extend losses to a third straight session as shipping disruptions from an unabating Mideast war continue to push oil prices higher, raising fuel cost pressures
** QAN falls 2.5% to A$9.005, bringing total losses over the last three days to 9.5%
** Oil prices rise 1%, adding to gains from the previous two days, and further pressuring airline stocks that are threatened with lower profitability from higher jet fuel costs
** YTD, shares down 13.3%
(Reporting by Shruti Agarwal in Bengaluru)
((Shruti.Agarwal@thomsonreuters.com))
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