** Shares of U.S. airlines rise amid broader market weakness early Mon as oil prices extend recent slump

** Brent crude futures LCOc1 down 2.3% to $59.86 and U.S. West Texas Intermediate crude CLc1 off 2.6% to $56.80 by 10:34 am ET after OPEC+ decided over the weekend to accelerate oil output hikes

** Last week, Brent and WTI shed 8.3% and 7.5%, respectively, on concerns of rising supply after Saudi Arabia signaled it could cope with a prolonged lower price environment O/R

** Shares of United Airlines UAL.O up 3% on the session. On Apr 16, UAL said it expected to achieve its full-yr adj profit forecast if demand remained stable and fuel prices stayed at then current levels, despite economic uncertainty stemming from a global trade war

** Delta Air Lines DAL.N up >3%, American Airlines AAL.O up 3%, Southwest Airlines LUV.N up 1%, Alaska Air ALK.N up 4% on Mon

** In Mar, airlines said bookings for premium and long-haul international travel were still holding up, adding that falling fuel prices would help mitigate slowing demand

** S&P 1500 airlines index .SPCOMALI up 2.7% on the session, trimming YTD loss to ~22%

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))