Australian airline stocks rise as oil prices slip after Trump cancels attack on Iran

JETS•2026-08-03

Qantas and Virgin Australia move higher

Qantas Airways QAN.AX rises as much as 2.5% to A$10.2
Virgin Australia VGN.AX gains as much as 3.6% to A$2.880
QAN among the top gainers in the broader ASX 200 benchmark index .AXJO
YTD, shares of VGN and QAN down 18% and 2%, respectively

Australian airline shares gain as oil prices tumble

Shares of Australian airline firms rise as global oil prices tumble.

Oil prices tumble $4 a barrel after U.S. President Donald Trump held off on a fresh attack on Iran, seeking to reach a quick deal that would halt Tehran's nuclear ambitions and reopen the Strait of Hormuz.

Australian airline stocks rise as oil prices slip after Trump cancels attack on Iran

Qantas and Virgin Australia move higher

Australian airline shares gain as oil prices tumble

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