Alaska Air Group Plunges 20% as Middle East Conflict Hits Airlines
Alaska Air Group shares fell 20% over the past week as the Middle East conflict intensified, dragging airline stocks worldwide down—American Airlines dropped 17.1% and JetBlue plunged 22%. European carriers also slumped, with IAG down 20.5% and Lufthansa off about 13%.
1. Share Decline Details
Alaska Air Group shares plummeted 20% over the last week as investors weighed the escalation of the Middle East conflict, marking the steepest drop among large US carriers. Concerns over travel demand and rising fuel price volatility fueled the sell-off in the sector.
2. Sector-wide Impact
Major US airlines mirrored the downturn, with American Airlines off 17.1%, Delta down 13.4%, United sliding 18.5%, Southwest dropping 20%, and JetBlue plunging 22%. European peers also fell sharply, as IAG slid 20.5% and Lufthansa declined roughly 13%, highlighting global risk aversion.