European airline stocks plummeted as Israel’s strikes on Iran sent oil prices soaring and triggered a flight from risk assets. Lufthansa, Air France-KLM, and EasyJet shares all experienced significant drops. Airlines rerouted and canceled flights to avoid the airspace over Israel, Iran, Iraq, and Jordan, prioritizing passenger and crew safety amidst the escalating tensions.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets