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
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