Airline stocks plummet in stock markets
Portafolio Journalist 03/02/2026 23:33 Updated: 03/02/2026 23:33
TL;DR
- Major airlines suffered heavy losses in stock markets following the US and Israel's attack on Iran.
- Route cancellations due to airspace closures and rising oil prices contributed to the stock declines.
- Norse Atlantic ASA and Finnair led the falls in Europe, while Frontier Group Holding and Air Canada saw significant drops in North America.
- Airlines in Asia, including Japan, China, Australia, and New Zealand, also experienced considerable losses.
- Companies like EVA Air and Singapore Airlines also reported decreased stock values.