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European airline stocks dropped the open after reports of Israel launching an attack on Iranian soil and anxiety about Iran's response heading into the weekend spooked markets.
British Airways-owner International Consolidated Airlines ICAG.L, fell 3%. Air France-KLM AIRF.PA, Lufthansa LHAG.DE, Easyjet EZJ.L, Wizz Air WIZZ.L and Ryanair RYA.I were last down 1%-2%.
Earlier on Friday flight tracking data showed airlines quickly changed flight paths over Iran, diverted to alternate airports or returned planes to their departure points in response to airspace and airport closures after an Israeli attack on Iran.
Airline stocks were not alone and the region-wide STOXX 600 .STOXX was down 0.8% to six-week lows. If sell-off persists, it will see its biggest weekly fall since October.
Rising oil didn't help oil and gas names, with the STOXX oil and gas .SXEP index slipping 0.7%.
Among few risers, Royal Unibrew RBREW.CO surged 15% to November highs after the Danish brewer and beverage group reported Q1 organic sales rising 10%, compared to 6.3% growth expected by consensus, according to Jefferies.
L'Oreal OREP.PA jumped 5% after Q1 sales beat expectations and French food caterer Sodexo EXHO.PA hit early 2018 highs after it lifted its sales forecast.
Man Group EMG.L was among the laggards, falling 5% after it reported first-quarter assets under management of $175.7 billion, a 1% miss versus consensus cited by JPMorgan.
(Anna Pruchnicka)
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Iran's Oil Exports Since 2018 https://tmsnrt.rs/3JouNCA
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