The Iran conflict has triggered a dramatic reshaping of global air travel, with Gulf traffic plunging over 70% in a single week and airlines scrambling to reroute. As profits diverge sharply across Asia’s airports, some hubs are capturing displaced passengers while others face steep earnings downgrades. With airlines prioritising yield over volume and long-haul routes under pressure, which airports will prove most resilient, and how long will disruption define the region’s aviation outlook?