Ryanair reports year profit up 13%, lowers traffic target

DUBLIN (Reuters) - Ryanair cut its annual passenger traffic target by another 20% and warned it will look at pulling out of some airports across Europe as it booked a 13% rise in annual profit after tax on Monday. The Irish low-cost carrier, Europe's largest, said it expects to fly "somewhere under" 80 million passengers in the coming year, down from a target of 100 million given last week and from an original target of 154 million. CEO Michael O'Leary admitted it was essentially guesswork at..