Jun 13, 2025 6:07 PM IST
US Stock Market LIVE Updates: Airline Stocks Slide After Israel-Iran Strikes Shut Airspace
Airline stocks declined around the world on Friday after Israel launched airstrikes across Iran, forcing several countries in the Middle East to close their airspace to commercial flights.
Airlines were the worst-performing sector in Europe, with Air France-KLM, Deutsche Lufthansa AG and British Airways parent IAG SA sliding over 3%. Discount carriers Ryanair Holdings Plc, EasyJet Plc and Wizz Air Holdings Plc posted similar declines. In Asia, Japan Airlines Co. dropped 3.7%, while ANA Holdings Inc. fell 2.8%.
Air Arabia PJSC, the only airline stock trading in the Persian Gulf on Friday, tumbled as much as 10%, the most since the global financial crisis. Turkish Airlines dropped as much as 7% in Istanbul, while low-cost carrier Pegasus fell 6.4%. In US premarket trading, American Airlines Group Inc., United Airlines Holdings Inc. and Delta Airlines Inc. all fell more than 4%.
