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Shares in European airlines rise by between 2 and 6 percent as fears of apotential U.S.-led strike in Syria subside, resulting in lower oil prices.
Brent crude futures dropped to a one-week low below $113 a barrel earlier onTuesday after Russia offered to help put Syria's chemical weapons underinternational control, calming worries of a potential U.S.-led strike againstthe country
"Fears are subsiding that the crisis will escalate, so the oil price isfalling and that is then good for Lufthansa," one Frankfurt-based trader says.
Air France-KLM gains 5.5 percent, International Airlines Group is up 4.1 percent, Lufthansa gains 3.5 percent, easyJet is up 3.5 percent and Ryanair rises 2.3 percent.
The Stoxx 600 travel and leisure index is up 0.9 percent.
Reuters messaging rm://daniela.pegna.thomsonreuters.com@reuters.net
victoria.bryan.thomsonreuters.com@reuters.net
