Airline stocks faced steep declines on Friday as markets reacted to serious geopolitical tensions. The recent military offensive by Israel against Iran has raised fears of a potential wider conflict, leading to a bearish sentiment in travel-related stocks. Notably, shares of International Consolidated Airlines Group SA, which owns British Airways, fell by 5%. Meanwhile, easyJet PLC experienced a 4% downturn. Investors should monitor these developments closely as they may affect future market stability and travel demand.