European airline stocks tumble after Israel strikes on Iran
European airline stocks faced a downturn. This followed Israeli strikes on Iran. Oil prices saw a significant rise.
Synopsis European airline stocks plummeted as Israel's strikes on Iran sent oil prices soaring and triggered a flight from risk assets. Lufthansa, Air France-KLM, and EasyJet shares all experienced significant drops. Airlines rerouted and canceled flights to avoid the airspace over Israel, Iran, Iraq, and Jordan, prioritizing passenger and crew safety amidst the escalating tensions. Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share
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