Asian airlines that benefited from higher fares and passenger numbers on European routes due to the Iran conflict are now facing declining advantages. Gulf carriers have resumed flights, offering lower prices, leading to a gradual erosion of market share gained by airlines like Singapore Airlines and Cathay Pacific.

Shift back to Gulf airlines has been gradual rather than pronounced, data shows, as Singapore Airlines, Cathay Pacific, Korean Air and ANA had gained market share

Asian airlines that benefited from higher fares and passenger numbers on European routes due to the Iran conflict are now facing declining advantages. Gulf carriers have resumed…