0912 GMT - European airline stocks are making gains after the price of oil dropped to the low $90s a barrel. Wizz Air jumps 7.7%, followed by Deutsche Lufthansa which gains 6.7%. Air France-KLM is up 5.9%, while International Consolidated Airlines Group--which houses Iberia and British Airways--advances 5.2%. Ryanair, easyJet and Jet2 are up 3.9%, 3.5% and 2.3%, respectively. The oil-price spike might offer an advantage to the European flag carriers which are hedged on fuel, unlike U.S. airlines which are unhedged and have to raise prices to offset higher costs, J.P. Morgan says. However, a long Iran war and sustained higher oil prices will have a negative impact for the whole sector due to lower consumer spending power and reduced economic growth, they say. (cristina.gallardo@wsj.com)

(END) Dow Jones Newswires

March 10, 2026 05:12 ET (09:12 GMT)

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