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BUZZ-easyJet: oil surge eclipses robust update

** EasyJet (Other OTC: ESYJY - news) nurses 4 pct drop in relatively heavy volume despite upgrading H1 forecasts

** Much of improvement driven by "low quality" FX boost (Jefferies), but called up 2-3 pct in pre-market by two brokers

** Sell-off seen from airlines across the board as Brent crude oil rose 4 pct after Saudi Arabia & its Gulf Arab allies began a military operation in Yemen

** Travel & leisure cos, many of which have oil as a substantial input cost, down 2.2 pct, having jumped c.40 pct since lows in Oct

** British Airways owner IAG down 4 pct, Lufthansa off 2.9 pct, cruise operator Carnival (LSE: CCL.L - news) , Ryanair & Air France-KLM all down c.2 pct (RM (LSE: RM.L - news) : tricia.wright1.thomsonreuters.com@reuters.net)