Ryanair cuts traffic target but shares surge on cost control
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DUBLIN (Reuters) - Ryanair cut its annual passenger target by another 20% on Monday and said it had no idea how much it would earn this year, but its shares surged 8% on strong cost control and a 1 billion euro profit in the past financial year. The Irish low-cost carrier, Europe's largest, said it expects to fly less than 80 million passengers in the coming year, down from a target of 100 million given last week and an original target of 154 million. Chief Executive Michael O'Leary, who plans..