European airline stocks tumble after Israel strikes on Iran
The Hindu
European airline stocks plummet as Israel-Iran conflict drives oil prices up, leading to flight cancellations and stock drops.
European airline stocks tumbled in early trading on Friday (June 13, 2025) after Israel launched widescale strikes against Iran, which pushed the oil price up by 7% and ignited a rush out of risk assets.
Shares in Lufthansa dropped almost 5% on the Tradegate platform, while those in Air France-KLM and EasyJet fell 3-4%.
Israel strikes Iran LIVE: Iran launched over 100 drones at Israel in past few hours, Israeli military says
Airlines cleared out of the airspace over Israel, Iran and Iraq and Jordan on Friday (June 13, 2025) after Israel launched attacks on targets in Iran, Flightradar24 data showed, with carriers scrambling to divert and cancel flights to keep passengers and crew safe.
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