with SAS and Lufthansa. Air France-KLM, and British Airways-owner IAG were all down by around 10 per cent in early trade on Thursday.

the low-cost Airlines like Ryanair and Easyjet, who know the routes of Europe, was no less off the hook.

Worst hit was the It in the Air, which plunged almost 30 per cent in the beginning. After 20 minutes of trading had been the case, slowed down to around 10%.

as a whole, flygsektorindexet in the Stoxx 600 down by 9.2 per cent, compared with the broad-base case of 5.5%.

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