Cathay Pacific, Orient Overseas Navigate Middle East Volatility
Cathay Pacific Airways aircraft on the tarmac at Hong Kong International Airport in Hong Kong, China.
Photographer: Leung Man Hei/BloombergEarnings calls from Cathay Pacific Airways Ltd. and Orient Overseas International Ltd. are investor highlights this week as escalating US-Iran tensions continue to roil global markets.
Many airlines including Cathay have suspended services in cities like Dubai and Riyadh, as the Iran fallout has seen neighboring regions caught in the crossfire. Soaring oil prices also put jet fuel costs in focus, although Cathay is poised to benefit from scrambling travelers paying huge premiums to escape the Middle East.