- EasyJet (OTCQX:ESYJY) stock flew lower on Monday after the British airline suspended flights to and from Tel Aviv, Israel
- The budget flyer explained the decision was made because of the current situation in the region and its escalating conflict with Iran
- This comes as United Airlines (NASDAQ:UAL) also cancelled flights to Tel Aviv
- EasyJet last traded at US$6.40 per share
EasyJet (OTCQX:ESYJY) stock flew lower on Monday after the British airline suspended flights to and from Tel Aviv, Israel.
In a statement posted to its website, the budget flyer explained the decision was made because of the current situation in the region and its escalating conflict with Iran. Those with bookings for next week can expect to be contacted directly. This comes as United Airlines (NASDAQ:UAL) also cancelled flights to Tel Aviv. Air Canada (TSX:AC) had just resumed service to Israel after a six-month pause, but was compelled to re-cancel its Toronto flights to Tel Aviv after the attacks.
Iran launched a retaliatory strike on Israel over the weekend in response to escalating tensions in the region. Iran launched hundreds of drones, ballistic and cruise missiles.
Based in the United Kingdom, EasyJet provides flights and package holidays, mostly in Europe. The company operates through two segments: Airline business and holidays business.
EasyJet (OTCQX:ESYJY) last traded in the United States 2.29 per cent lower at US$6.40 per share. The airline stock principally trades on the London Stock Exchange under the ticker EZJ, where it finished 0.99 of a per cent lower at £521.80 (C$894.68). In the past year, EasyJet stock had been showing growth, up 2.72 per cent in the U.S. and 2.11 per cent back home in the U.K.
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