Refile: BUZZ-Middle East conflict set to sink travel-linked stocks

Accor SA

02/03/2026 07:57

Refiles to fix spelling in headline.

** Airlines and travel stocks are set to tumble as the Middle East conflict escalation causes chaos, traders say, calling airline stocks to fall up to 10%

** Hotel and travel-linked groups including Accor ACCP.PA, IHG IHG.L, Amadeus AMA.MC are seen down about 5%

** Shares in German airline Lufthansa LHAG.DE and German travel company TUI TUI1n.DE fall more than 7% in early Frankfurt trade

** JP Morgan sees three major risks to the sector in flight cancellations and operational disruption, higher oil prices and the potential for softer demand and pricing

** European airlines all have fuel hedging in place, but an oil price spike will translate to higher fuel costs, JP Morgan says

** "A significant re-rating of risk would be required if the conflict spreads to major hubs like Egypt or Turkey or if prolonged instability drives sustained energy inflation," MWB adds

** Analysts at Oddo BHF and MWB say TUI is directly exposed through TUI cruises deployments in Gulf ports and indirectly through their heavy reliance on Middle Eastern airspace corridors for long-haul flight

(Reporting by Bernadette Hogg)

((bernadette.hogg@thomsonreuters.com))