The airlines will watch events in the region before deciding whether to restart flights to the city.
Iberia and Vueling pulled the plug on their Tel Aviv flights after American airlines, US Airways and United Airlines had taken similar action, Spain's ABC newspaper reported.
American aviation authorities have barred its airlines from flying to and from Israel for at least 24 hours.
Other airlines to stop service include Germany's Lufthansa, Air Berlin, Air France, Swiss and German Wings.
Europe's air safety watchdog said it would recommend that all European airlines avoid Tel Aviv after a rocket fired from Gaza landed some 17km (10.5 miles) from Ben Gourion airport in Tel Aviv.
The European Aviation Safety Agency told news agency AFP it would issue a "strong recommendation to avoid until further notice Tel Aviv Ben Gurion International Airport."