European airline stocks slipped 3.3%‑4.8% amid rising oil prices after US seized Iranian vessel and Hormuz closure.
Brent crude surged 6.2% to $95.95 per barrel, intensifying concerns over higher jet fuel costs for carriers.
The U.S.-Iran conflict entered its eighth week, with Iran rejecting further talks and a US naval blockade persisting.
Market sentiment turned cautious across the sector, adding pressure to airlines already facing demand fluctuations and operational cost challenges.