European airlines slide as Tel Aviv flights halted, oil up amid Middle East conflict

Sas AB

09/10/2023 09:03

** European airlines slide as several carriers halted
flights to Tel Aviv and oil prices surged amid military conflict
in Middle East
    ** As of 0743 GMT, shares in Lufthansa  LHAG.DE  are down
2.9%, Air France  AIRF.PA  loses 4.4% and Norwegian Air  NAS.OL 
fall 2.9%
    ** Shares in UK airlines fall between 4% and 7% in early
trade
    ** Metzler Equities analyst covering Lufthansa attributes
the German carrier's drop to geopolitical risks in light of the
Hamas militant attack on Israel and the resulting rise in oil
prices
    ** Oil prices surge with Brent crude  LCOc1  trading at
$87.25 a barrel - up over 3% on the day
    ** SAS  SAS.ST  shares, volatile after financial
restructuring wiped out 95% of its shareholders last week, slump
more than 10%

 (Reporting by Alessandro Parodi)
 ((alessandro.parodi@thomsonreuters.com))