Airline stocks were under pressure Monday as carriers halted flights to and from Israel after weekend attacks from Gaza, with terror group Hamas directly threatening Ben Gurion Airport.
Delta Air Lines
(ticker: DAL),
American Airlines
(AAL), and
United Airlines
(UAL) all canceled flights to and from Israel’s Ben Gurion Airport outside Tel Aviv over the weekend, The Wall Street Journal reported, citing the companies. The carriers joined other international airlines in stopping or limiting service to Israel after unprecedented violence by terror group Hamas from the Gaza Strip.
Hamas claimed it has targeted the airport with rockets in response to Israeli airstrikes on Gaza, the military wing of the terror group said in a statement on Monday, though there were no reports of damage to the airport. The Israel Airports Authority said Ben Gurion Airport continued to handle arrivals and departures.
Delta stock fell 2.4% in premarket trading on Monday, with American shares shedding 2.1% and United down 2%. European airline stocks also were under pressure, with
Air France-KLM
(AF.France) shares falling 3.6% and
Deutsche Lufthansa
(LHA.Germany) sliding 2.9%.
Write to Jack Denton at [email protected]
Read the full article here