Gulf carriers resume operations, impacting Asian airlines' market share. 80 ships transit the Strait of Hormuz by June 30, 2026 at 0.7% YES.

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…