** Europe's five largest airlines drop between 1 and 2 percent as OPECdebates an output cut, sending oil prices higher
** Air France-KLM loses 2.5 pct, Lufthansa down 2.3 pct,easyJet down 2 pct, Ryanair down 1.8 pct and IAG down1.6 pct, underperforming a 1 pct drop in travel and leisure stocks and a0.2 percent gain for leading European shares
** Saudi Energy Minister Khalid al-Falih said on Wednesday OPEC was close toclinching a deal to limit oil output, adding Riyadh would agree to Iran freezingproduction at pre-sanctions levels
** Brent crude futures jump more than 5 percent to above $49 abarrel on Wednesday (RM: victoria.bryan.thomsonreuters.com@reuters.net)