UK airline Monarch sees earnings flat in 2017 as competition bites

By Sarah Young LONDON (Reuters) - Monarch [MONA.UL], the British airline recently bailed out by its investment fund owner, expects broadly flat earnings for 2017, with pressure on fares offsetting growing demand for tickets. Monarch, whose finances deteriorated this year after security concerns deterred travel to some destinations, is grappling with falling fares as rivals such as Ryanair and easyJet put more seats onto the market to try to gain market share. During 2016, Monarch warned the decl