European Airlines, Travel Stocks Slip as Middle East War Escalates -- Market Talk
Dow Jones03-19 18:40
1040 GMT - European airlines and travel companies slide as conflict in the Middle East escalates. Airlines extend sharp falls this month as rising oil prices raise jet fuel costs, with Hungary's Wizz Air down 5.5% and Air France-KLM dropping 5.05%. Germany's Lufthansa falls 4.6%, while British Airways owner IAG declines 3.6%. More expensive fuel will translate to a median 11% cut to airlines' earnings forecasts over the next three years, RBC Capital Markets analyst Ruairi Cullinane writes. Wizz Air is more vulnerable than peers because of its already low margins, the analyst adds. A basket of European travel and leisure stocks falls 3.3%. (josephmichael.stonor@wsj.com)
(END) Dow Jones Newswires
March 19, 2026 06:40 ET (10:40 GMT)
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