Airlines shares fall after Iran and "Air Arabia" were lost 10%

The shares of airlines around the world fell today after Israel launched air strikes by Iran, who asked several countries in the Middle East to close their air field in front of commercial flights. The airlines were the worst performance sector in Europe, where the shares of “Air France-KLM”, Deutsche Lufthansa and the Mother Airlines “IAG SA” are more than 3%. While low -coast airlines, such as “Ryan Air Holdings”, “Easy Jet” and “Wizer Holdings”, he recorded similar declines. In Asia, the shares of Japanese airlines fell 3.7%, while Ana Holdings fell by 2.8%. The most falling “Air Arabia” has decreased the shares of “Air Arabia” – the only aviation business listed on the Gulf stock exchanges – and it was spread today with a decrease of about 10%, which is the biggest decline since the global financial crisis. The shares of “Turkish Airlines” in Istanbul also fell 7%, while “Pegasus” fell by 6.4%. Read more: Israel launches a massive attack on Iran … Flying unrest, falling stocks, crawled to secure ports and early trading in the US market, the shares of ‘American Airlines Group’, ‘United Airlines Holdings’, and ‘Delta Airlines’ all with over 4%. On the other hand, the oil markets flourished, as Brent ruol rose 8.3%after jumping 13%earlier, in the largest daily increase during trade since March 2022. High oil prices are likely to raise concerns about the high cost of aircraft fuel as airlines also have to fly extra costs due to the closure of the air space. The shutdown of the airspace, Israel, stopped flights over its territory after targeting the core program of Iran and ballistic rocket places. Iran also closed its air field after stopping at Tehran’s main airport. Iraq and Jordan closed their air fields. A video clip of the 9 seconds “X” platform reveals the evacuation of the Iranian and Iraqi airspace. The cost of the highest airlines has increasingly used air corridors over the past few years due to military conflicts around the world. These transfers add fuel costs, extend the times of flights and confuse the schedules, leading to an increase in operational liabilities. This case has become under a microscope in recent months after businesses have been forced to avoid roads near Pakistan and India, while the two countries are fighting at a short but intense military conflict. It also canceled airlines or turned their roads away from Russia because of the intensification of Ukraine to use drones near Moscow. Also read: Analysts: These factors determine the path of markets to Israel’s battle to Iran. Israeli strikes and the possibility of a broader conflict in the Middle East are the latest challenges facing airlines before launching an important industrial exhibition in Paris next week. The “Boeing” shares fell to 5.9% yesterday after an “Air India” Air Airways aircraft crashed to London as soon as it took off. “We expect the pressure on the shares of airlines, to the decline it saw yesterday, amid the high fuel prices and uncertainty after the Air India plane crash,” Andrew Lopnberg Andrew le Penberberg said in a note for clients.