Updates

** Shares of U.S. airlines rise on hopes that ceasefire between Israel and Iran would hold

** U.S. President Trump said Israel had called off its attack in response to his command to preserve an hours-old ceasefire

** United Airlines UAL.O and American Airlines AAL.O, Delta Air DAL.N and Alaska Air Group ALK.N up about 4%

** Jetblue Airways JBLU.O up 6.5% and Southwest Airlines LUV.N 2.5%

** Including session gains, S&P 1500 airlines index .SPCOMALI down 17% YTD

(Reporting by Aatreyee Dasgupta)

((Aatreyee.Dasgupta@thomsonreuters.com))