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epa01028543 (FILE) A file picture dated 10 May 2007 shows a Ryanair flight flying in to Dublin airport. Ryanair Holdings Plc’s shares have plunged as higher costs, stiffer competition and slower growth in demand cut into profit. The airline, which reports earnings tomorrow, may emerge victorious from the turbulence. A capacity glut is making it harder for Ryanair and rivals including EasyJet Plc to fill seats. That prompted the carriers to start a price war last month aimed at luring travelers. While lower ticket prices may drive down revenue, it’s also offering an opportunity for Ryanair, Europe’s biggest discount carrier, to squeeze out smaller competitors that can’t afford to cut fares. EPA/ANDY RAIN