FlyDubai Incident Sparks Surge in Israeli Airline Stock Prices
Translated & summarized from NEWSru Israel by baba
An attempted terror attack on a FlyDubai flight to Tel Aviv resulted in a significant stock price increase for Israeli airlines Israir and El Al. FlyDubai, owned by the Dubai government, is not publicly traded.
The story in 4 lines · by baba
- Israeli airline stocks surged after a FlyDubai flight incident.
- Israir shares rose 8.8%, El Al shares rose 7.9%.
- The incident involved an attempted attack on a flight to Tel Aviv.
- FlyDubai is government-owned and not publicly traded.
An attempted terrorist attack on a FlyDubai flight traveling from Dubai to Tel Aviv on September 30th caused a nearly 9% increase in the stock prices of Israeli airlines. The flight made an emergency landing in Saudi Arabia following the incident.
Israir Airlines' shares rose by 8.8%, from NIS 1.45 to NIS 1.58 at the start of trading. El Al Israel Airlines' stock saw a 7.9% increase, moving from NIS 1.74 to NIS 1.85.
FlyDubai is owned by the government of Dubai and is not publicly traded, meaning its management faces no accountability to investors. The airline maintained flights between Israel and the UAE even during recent military operations.
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