0825 GMT - European airline stocks fall on opening trade Monday, after oil prices surged above $100 a barrel. Air France-KLM falls 5%, IAG--which houses Iberia and British Airways among other carriers--is down 4.2%, while Deutsche Lufthansa loses 4.4%. Wizz Air drops 5.7%, easyJet falls 3.5%, Ryanair slips 2.9%, and Jet2 is down 2%. Bernstein analysts say Ryanair and IAG look the best-positioned to weather the storm, followed by Lufthansa and easyJet, while Air France-KLM and Wizz Air seem the most exposed. All European airlines hedge fuel, with Ryanair being the most-hedged near term followed by Lufthansa, they say. However, Lufthansa doesn't directly hedge jet fuel, exposing it to increasing risk, the analysts warn. (cristina.gallardo@wsj.com)
(END) Dow Jones Newswires
March 09, 2026 04:25 ET (08:25 GMT)
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