1054 GMT - European airlines will suffer from an extended rise in the spread between crude oil and refined fuel prices, analysts at Citi write. Investors in the sector aren't sufficiently pricing in the risk of longer-term disruption arising from the conflict in the Middle East, even after the sector sold off over the past two weeks, the analysts say. Moreover, airlines' ability to pass on higher fuel costs to customers through increased ticket prices may be limited by oversupply in European short-haul routes, the analysts say. Ryanair is best placed to weather the oil shock, the analysts add. Ryanair drops 1.2%, while IAG slips 1.3%. Elsewhere, Air France-KLM slides 2% and Lufthansa falls 1.6%.(josephmichael.stonor@wsj.com)

(END) Dow Jones Newswires

March 13, 2026 06:54 ET (10:54 GMT)

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