The Iran war is fuelling a new dichotomy in European airlines
The increase in kerosene prices following the conflict is not affecting all airlines equally.
After the US and Israeli attacks on Iran at the end of February, investors in European airlines prepared for turbulence. The companies were exposed to a double blow: soaring fuel prices that would drive up costs and weaker travel appetite that would constrain revenues. By the end of March, the shares of the six major listed carriers on the continent — Air France-KLM, Deutsche Lufthansa, IAG (owner of British Airways), Ryanair, Wizz Air and easyJet — had all fallen by at least 12%.
Four months later, however, a more nuanced picture is emerging that favours the so-called flag carriers: Air France-KLM, Lufthansa and IAG.
Translated by urgent.news from El Pais Economia's report; automated translation may contain errors. Machine-written — it may contain errors, so check the original before relying on it.
