Germany's Lufthansa said it expects better full-year profits as investors prepare for third-quarter earnings from American Airlines.
The Stoxx 600 has the best session since Sept. 22 as U.S. earnings strength helps extend gains.
Ryanair and British Airways-owner International Airlines Group could ride out geopolitical risks better than competitors.
Zika virus fears are beating down these two intrinsically strong airline stocks. Now's the time to buy them, before these temporary anxieties subside.