UPDATE 9-Oil spike hits airline shares as some Gulf flights cautiously resume
UPDATE 9-Oil spike hits airline shares as some Gulf flights cautiously resume is drawing significant interest across the industry.
?Shares ?of U.S. and European airlines fell on Thursday after oil prices spiked and the U.S.-Israeli conflict with Iran constrained much of the Middle East's airspace, prompting governments to scramble to bring stranded citizens home. With most of the region's airspace still closed over missile-risk concerns, authorities have been arranging charter flights and securing seats on limited commercial services to evacuate tens of thousands of people.
Experts suggest this could influence future trends and innovation in the sector.
More updates are expected as the story develops.
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