European airlines, travel stocks slump as fuel prices surge on Iran war

Norwegian Air Shuttle ASA

09/03/2026 08:22

** Airlines and travel stocks tumble as the expanding U.S.-Israeli war with Iran drives crude prices to levels not seen since 2022

** Shares in European airlines Lufthansa LHAG.DE, Air France KLM AIRF.PA, Finnair FIA1S.HE, Ryanair RYA.I, IAG ICAG.L Wizz Air WIZZ.L, Norwegian Air NAS.OL fall around 2%-5%

** "There is huge uncertainty around where and when fuel prices will peak and how long fuel prices will remain elevated," Barclays says, expecting, however, airline shares to rebound once the conflict fades

** Hotel and travel-linked groups Accor ACCP.PA, IHG IHG.L, Amadeus AMA.MC, TUI TUI1n.DE are also down between 2%-4%, as analysts expect the widening conflict to reduce travel appetite

** U.S. peers also fall in pre-market trade

(Reporting by Javi West Larrañaga)

((javier.west@thomsonreuters.com; +34 918 35 61 12))