(Reuters) -European shares breathed a sigh of relief on Tuesday as earnings from companies including Swiss bank UBS and shipping giant Maersk boosted sentiment, following an equity sell-off in the previous session driven by global growth fears.

Global airline capacity has surged to its highest level in 2022 this week because of a rebound in Chinese domestic demand despite extended lockdowns in Asia's biggest aviation market, travel data firm OAG said on Tuesday.

Spain's biggest bank Santander reported a surge in first-quarter profit on Tuesday and reiterated financial targets for 2022, buoyed by higher revenues in Europe which offset rising costs in South America.

European shares breathed a sigh of relief on Tuesday, as earnings from companies including UBS and Maersk boosted sentiment, following an equity sell-off in the previous session driven by global growth fears.

ZURICH (Reuters) -UBS rode strong trading income to post its best first-quarter net profit in 15 years on Tuesday, while signalling its wealth management clients will continue to remain cautious in the coming months due to geopolitical and macro-economic uncertainties.

(Reuters) -Novartis said on Tuesday its first quarter core operating income rose 3%, helped by a rebound at generic drugs unit Sandoz and a surge in prescriptions for heart failure treatment Entresto.