Tumbling airfares test nerves as low-cost carriers push for growth



* Flood of capacity, Brexit hammer airline valuations
* Ryanair cuts fares 15 pct, adds 1 mln seats per month
* Airlines face choice between profit and market share
* easyJet top shareholder criticises growth drive
By Conor Humphries and Sarah Young
DUBLIN/LONDON, Oct 18 When Ryanair boss Michael O'Leary promised on Tuesday to pump a million seats a month into a weak winter market and slash fares by 15 percent, he was ramping up pressure on rivals -- and on investors struggling to see an end to Europe's price wars.
Since Britain voted in June to leave the European Union, the environment for... read more

 
18 October 2016 in World News, Views: 43
Source: Reuters
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