Insurance gaps leave airlines exposed as Iran conflict widens

By Noor Zainab Hussain and Manya Saini

March 2 (Reuters) – As the U.S.-Israeli air war against Iran widened on Monday with no end in sight, focus shifted to the impact on airlines. Operations ​have been disrupted for a third day and revenue losses ‌are not covered by insurers, analysts and insurance industry sources said.

Travel stocks from Asia to New York tumbled, wiping billions off market value, as the conflict hit thousands of flights worldwide, shut key Middle Eastern hubs and sent oil prices surging.

Here is ‌how insurance ​industry experts and analysts view the event:

(Reporting by Noor Zainab Hussain and Manya Saini in Bengaluru; Editing ​by Tasim Zahid)