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European airlines stocks fall on Middle East conflict

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Airline stocks led fallers across European equity markets this morning as traders dumped the shares in the sector on prospects that rising crude prices will boost fuel costs and after several international carriers suspended flight services to Tel Aviv.

Aer Lingus and British Airways owner IAG and Air France both fell around 5%, while Germany's Lufthansa slid 3.2%. Ryanair had dropped over 3% in early trade in Dublin, while Easyjet and Wizz Air shares declined 5.

6% and 7.3% respectively.
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