Ryanair leads European travel stocks higher on Iran peace deal hopes

Ryanair Holdings

06/05/2026 14:51

** Europe's biggest airline by market cap Ryanair RYA.I jumps over 10%, leading a rally among the region's travel stocks, as hopes of an end to the war in Iran send oil prices down sharply

** Among top gainers in the sector are also IAG ICAG.L, TUI TUI1n.DE, easyJet EZJ.L, Lufthansa LHAG.DE and Accor ACCP.PA, all rising more than 6%

** Futures on Brent LCOc1 crude, the international benchmark, drop as much as 11.7% to $96.7 after a Pakistani source said Washington and Iran were nearing an initial peace deal

** The STOXX Travel & Leisure .SXTP is the biggest sectoral gainer, up about 6%, though the index is still down over 7% YTD

** European airlines have been under pressure as the Iran war has lifted jet fuel costsand disrupted Middle East travel, weighing on the summer outlook

** The wider STOXX 600 .STOXX  is up over 2%

 (Reporting by Danilo Masoni)

 ((Danilo.Masoni@TR.com; Reuters Messaging: danilo.masoni.thomsonreuters.com@reuters.net))