Shares of Delta Air Lines, United and American Airlines each fell over 5% in early trading hours on Monday.
In all, airlines cancelled 44% of scheduled flights to Tel Aviv on Sunday, according to Bloomberg, based on data from Flighttrader24.com. Meanwhile, the Federal Aviation Administration last issued a statement on Saturday that urges US airlines and pilots “to use caution when flying in Israeli airspace.”
“The situation in Israel remains dynamic; mortar and rocket fire may take place without warning. Individuals should follow the instructions of security and emergency response officials,” the federal agency warned in a Monday update.