EU governments will offer no cash injections to their airlines and only limited aid to ease the impact of the Iraq.
An EU transport ministers' meeting said governments would give compensation to help with route closures, security and insurance.
According to the International Air Transport Association the industry could lose $10bn (£6.3bn)
worldwide due to the war.
Greek Transport Minister Christos Verelis, who chaired a EU transport minister's meeting said: "We will not open the door to subsidies, that's quite clear."