US carriers gain after Gulf preliminary deal

Southwest Airlines Co

Mon 09:16

**  U.S. airline stocks rise premarket on Monday after Washington and Tehran reached a preliminary deal to end their conflict and reopen the Strait of Hormuz, which eased oil price worries
** Oil fell to its lowest levels since March 10 after tumbling more than 3% on Friday O/R
** American Airlines AAL.O, Delta Air Lines DAL.N and Southwest Airlines LUV.N rise between 3.5%-4% 
** United Airlines UAL.O added 4%, Alaska Air ALK.N up 2.1% 
** Dow Jones U.S. airlines sub-index .DJUSAR closed nearly 2% up Friday and is up 6% YTD
** Elsewhere, European airlines also soared, lifting STOXX Travel and Leisure index .SXTP 3%

(Reporting by Rashika Singh)
((Rashika.Singh@thomsonreuters.com;))