New Delhi, March 2 -- Shares of Qantas Airways, Australia's flagship airline, nosedived over 10% on Monday to their lowest levels in 10 months on the back of the US-Israel-Iran conflict over the weekend as airline operations were disrupted and oil prices soared high.

Qantas Airways stock price fell as much as 10.4% to A$8.92 per share at the open of the Australian market on Monday - its lowest level since 2 May, 2025. It pared some losses during the day, down by 5.8% by 2345 GMT.

Global air travel remained in a turmoil over the weekend and the effects of the conflict in the Middle East continued to be felt on Monday. Key airports in Middle Eastern hubs including Dubai and Doha continued to be closed for a second day on Sunday due to the...