The war in Ukraine changes the balance of power between the airlines

The exclusion of energy from the sanctions allayed immediate fears of a deep market impact on Ukraine’s war. But one sector still seems as exposed as it is to all crises: the airlines.

Among the 125 European sub-sectors of the Stoxx Europe 600 index, airlines ranked fourth from the bottom in terms of stock market performance between February 10 and February 24. They rebounded strongly on Friday, joining the rest of the stock market, but remain down. 7% this month.


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