European Airline Shares Rise as Oil Falls -- Market Talk

Dow Jones10-15

0927 GMT - European airline shares rise as the price of oil falls and as the International Energy Agency trims its oil-demand growth forecast for the year. Shares of Air France-KLM trade more than 3% higher, while German peer Deutsche Lufthansa trades more than 2% higher. In London, IAG trades more than 3% higher, easyJet is up more than 4% and Wizz Air is up more than 3%. In Dublin, Ryanair trades more than 1% higher. Brent crude, the international oil benchmark, and the U.S. oil gauge both traded more than 4% down thanks to easing concerns over disruptions to Iranian supplies and a weaker global demand outlook. (pierre.bertrand@wsj.com)

(END) Dow Jones Newswires

October 15, 2024 05:27 ET (09:27 GMT)

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