** Shares in Europe's budget airlines Ryanair andEasyjet off day's highs, with the latter in the red
** Ryanair's comments that it is expecting fare reductioncould be weighing on stocks, an analyst said; trader also saysEasyjet's numbers look lacklustre compared to Ryanair's
** Easyjet, which opened up nearly 3 pct, is now top loseron the FTSE 100, down 1.3 pct; shares have been steadilyfalling since the market opened
** Easyjet's results were hit in May after an air-trafficcontrol strike, which had a much smaller impact on Ryanair
** Ryanair, now up 5.1 pct, still the top gainer on Stoxx600 Travel and Leisure Index, but stock well off day'shighs
(venkateshasoumithri.mamidipudi.thomsonreuters.com@reuters.net)