Global airlines are facing their worst crisis since the COVID-19 pandemic due to the conflict in the Middle East, APA reports citing Financial Times (FT).
According to its calculations, since the start of the US-Israeli military operation against Iran, the market capitalization of the 20 largest international air carriers traded on stock exchanges has fallen by $53 billion. Investors are betting on a further decline in share prices. As the article notes, the most active sell-offs on the London Stock Exchange are in Wizz Air and EasyJet.