British Airways owner IAG shares snap back as Middle East airspace shutdown hits flights
International Consolidated Airlines Group shares clawed back 2% on Wednesday, following a steep 13% drop across the last three sessions. Middle East airspace closures have disrupted travelers and forced airlines to reroute flights around the Gulf. Carriers are scrambling to tweak long-haul routes—taking on more fuel, adding refuelling stops. The shakeup is pushing up costs and squeezing schedules, reaching even airlines outside the region.