U.S. airline shares are dropping Friday in premarket trading after oil prices spiked and flights were disrupted as attacks on Iran’s nuclear program and military leadership sparked worries of a broader Middle East conflict.
Shares of American Airlines (AAL), Delta Air Lines (DAL), United Airlines (UAL), Southwest (LUV), Alaska Air Group (ALK), and JetBlue Airways (JBLU) were down between 3% and 5% in premarket trading Friday.
According to reports, several Middle East nations had shut their airspace following the attacks. Among them were Iran, Iraq, Israel, Jordan, and Syria, according to Bloomberg.
According to PYOK, a blog that covers the airline industry, Delta Air Lines and United Airlines “abruptly diverted Tel Aviv-bound flights back to the US on Thursday night” after Israel’s attacks.
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