• Asian airlines report strong demand on European routes.
• Gulf hub disruption shifts traffic to alternative routes.
• Cathay Pacific, Singapore Airlines, Korean Air, and Qantas disclose robust performances.
• Tight pricing and market share gains could persist for 6-12 months.

The shift in traffic may indicate a lasting impact on the airline industry, with Asian carriers potentially gaining market share at the expense of Gulf carriers. This could suggest a change in consumer behavior, with travelers prioritizing alternative routes over traditional Gulf hubs, which may persist even after the conflict ends.