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  • 11 hours ago
Repatriation flights began departing the Middle East as Dubai and major Gulf hubs remained closed for a fifth day amid the U.S.-Israel air campaign against Iran. Airline shares stabilized after double-digit losses, with carriers hedged on ~50% of jet fuel needs.
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00:00It's Benzinga bringing Wall Street to Main Street
00:02Dozens of repatriation flights were set to depart the Middle East on Wednesday as governments
00:06moved to return stranded citizens while the U.S. and Israeli air war against Iran escalated,
00:12according to Reuters. Airspace over most of the region remained largely empty, and major
00:17Gulf hubs, including Dubai, stayed shut for a fifth day. Britain and France scheduled
00:22initial repatriation flights, and the United Arab Emirates opened special corridors for
00:27some citizens. Airline shares studied after double-digit percentage drops that erased tens
00:31of billions of dollars in market value. Airlines have hedged about 50% of jet fuel needs and may
00:37pass remaining costs to passengers. For all things money, visit Benzinga.com.
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