In response to the ongoing conflict between Israeli troops and Hamas militants, several European airlines have suspended their operations to and from Israel on Monday. Deutsche Lufthansa (ETR:LHAG), Air France-KLM (LON:0LN7) group, easyJet (LON:EZJ), Wizz Air (LON:WIZZ) Holdings, TAP Air Portugal, and ITA Airways all prioritized safety as they put a temporary hold on their flights.
These airlines are maintaining close contact with authorities and monitoring the situation closely. In an effort to accommodate their customers amidst these uncertain times, they have offered options to postpone or cancel trips free of charge. This policy has been particularly emphasized by Air France on its website.
However, not all airlines have halted their operations. KLM is expected to resume its Tel Aviv operations from Tuesday. Similarly, British Airways (LON:ICAG) plans to continue its operations but with adjusted departure times. Both airlines have introduced flexible booking policies for their customers in light of the current situation.
The conflict has had a significant impact on the European airline industry's stocks. On Monday, there was a notable drop in share prices across the board. Deutsche Lufthansa saw a decrease of 2.5%, Air France-KLM fell by 3.3%, easyJet by 5.3%, and Wizz Air experienced the most significant drop of 6.7%.
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