Airline stocks in Asia and Europe extended losses on Tuesday as the US and Israeli air war against Iran escalated, with carriers monitoring fuel price spikes and many seeing a surge in bookings as passengers switch from Middle Eastern airlines.Qantas Airways CEO Vanessa Hudson said the airline had “pretty good” fuel hedging in place but the spike in oil prices was significant for the industry. The Australian airline’s shares fell for a second day, closing down 1.8 percent.For all the latest headlines, follow our Google News channel online or via the app.Oil prices have surged amid the widening Middle East conflict, up roughly 30 percent so far this year, potentially driving up the cost of jet fuel and hurting airlines’ profits.Major Gulf hubs, including the world’s busiest international airport Dubai, which usually handles over 1,000 flights a day, remained closed for a fourth day due to the conflict. That has left tens of thousands of passengers stranded.“It’s pretty well the biggest