European airliners on watch as Iceland volcano begins erupting

|By:, SA News Editor

European airline stocks are on watch after Iceland's Bardarbunga volcano began erupting earlier today.

Though a no-fly zone around the volcano is in effect, most commercial air space in Iceland is unaffected so far.

Authorities are watching the eruption carefully to determine the risk of  ash and steam being emitted into the atmosphere as the ice cap is breached.

The 2010 eruption of the Eyjafjallajokul volcano in Iceland caused the cancellation of over 100K flights in Europe due to a massive ash cloud.

Related stocks: Lufthansa (OTCQX:DLAKY), Ryanair (NASDAQ:RYAAY), Air France-KLM (OTCQX:AFLYY), EasyJet (OTCQX:ESYJY), International Airlines Group, EasyJet (OTCQX:ESYJY), Ryanair (RYAAY).