Ryanair's share price plunged after it blamed increased price competition and the continuing effect of austerity across Europe for a cut in its full year traffic target.
Ryanair shares closed the day at €6, down 11.4 per cent, its biggest fall since 2009. Aer Lingus shares were also hit, falling 5.8 per cent.
* **Norwegian takes transatlantic step Ryanair has long avoided.**
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