Two of Europe’s biggest airline groups cautioned that the war between Israel and Hamas is clouding the outlook for travel in the Middle East, as customers start to avoid nearby destinations.
British Airways parent IAG SA and Air France-KLM each reported record third-quarter operating profit on Friday, driven by booming summer demand, especially between Europe and North America.
The chief executive officers of both carriers signalled a careful stance going forward. While most airlines have halted flights to Israel — a small part of most major carriers’ revenue — some travellers are also staying away from nearby countries like Egypt and Oman.
