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BUZZ-Airlines top fallers in Europe as Credit Suisse cuts sector

Reuters - UK Focus

** European airlines top fallers on Stoxx 600 as Credit Suisse (LSE: 0QP5.L - news) cuts the sector to "equal-weight" from "overweight"

** Says oil price likely to stabilise with a lower OPEC spare capacity and increasing pressure on Saudi Arabian budget

** Airlines most likely to lose from a stabilisation, broker adds - sector has seen a close inverse correlation to oil price fall, while falling ticket prices have stimulated consumer demand

** IAG, Ryanair and easyJet top three fallers on Stoxx, down 3.3-4 pct

** Lufthansa down 3.2 pct with Air France (Paris: FR0000031122 - news) off 1.7 pct

** Brent crude up 25 pct since mid-August

(RM (LSE: RM.L - news) : alasdair.pal.thomsonreuters.com@reuters.net)