BUZZ-Norwegian Air: Up on traffic data, Ryanair profit outlook

** Budget airline Norwegian Air shares rise at much as 6.2 pct, its highest level since early June 2013, before giving up some gains to trade up 4.6 pct.

** A better-than-expected yield, or average revenue per passenger flown for each kilometre, lifts the stock analysts says.

** Peer Ryanair lifts its profit forecast, indicating a better outlook for the industry, analysts say.

** Ryanair shares up 7.3 pct, EasyJet (Other OTC: ESYJY - news) up 2.3 pct (Reuters Messaging: stine.jacobsen.thomsonreuters.com@reuters.com)