European Airline Shares Rise as Oil Disruption Concerns Ease -- Market Talk

Dow Jones10-28

0825 GMT - European airlines shares rise risen in early trading as the price of oil falls more than 4% after Israel's weekend strikes against Iran targeted the country's military and not its oil facilities. This eases fears of disruptions affecting the supply of oil, IG analysts say in a note to clients. "The hope is that the latest tit-for-tat has run its course and that the situation in the Middle East might now de-escalate," IG says. Air-France shares trade more than 5% higher while Lufthansa shares in Germany are up more than 3%. In London, shares in British Airways owner International Consolidated Airlines trade more than 2% up, while easyJet and Wizz Air rise by more than 3%.Ryanair shares in Dublin are more than 1% higher. (pierre.bertrand@wsj.com)

(END) Dow Jones Newswires

October 28, 2024 04:25 ET (08:25 GMT)

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