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Old 02-10-2017, 05:20   #21
Enoch Powell
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Quote:
Monarch Airlines flights cancelled as airline goes into administration

Civil Aviation Authority says it is taking action to get 110,000 people back to UK, while 300,000 bookings have been cancelled
https://www.theguardian.com/world/20...administration

Ooof
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Old 02-10-2017, 08:39   #22
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RyanAir are taking the piss cancelling all of Monarch's flights as well.
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Old 02-10-2017, 09:12   #23
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Monarch were on the brink for years, so no surprise here.

Anyone already abroad should be OK, it's those who are due to go on holiday that should worry.
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Old 02-10-2017, 09:25   #24
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More victims of Brexit.
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Old 02-10-2017, 10:08   #25
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More victims of Brexit.
.
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Old 02-10-2017, 10:14   #26
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The administrators have included the fall in the pound as one of the reasons, as well as holidaymakers being put off Spain/Portugal etc by risk of terrorism. Brexit vote was costing them 180 million a year alone though.

They're not the first airline, or the last, to cite the 20% drop in our currency as to why their income is shrinking and need to adjust. Some can/have, some might not.
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Old 02-10-2017, 10:23   #27
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Quote:
Originally Posted by Malcolm Tucker View Post
Brexit vote was costing them 180 million a year alone though.
o rly?

Most of its problems stemmed from non-Brexit reasons, including a 300m loss up to Oct 2016 (only shortly after the vote, which wasn't the reason for the loss).

http://www.thisismoney.co.uk/money/m...300m-loss.html
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Old 02-10-2017, 10:26   #28
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Clearly if Monarchs customers had been more upbeat and positive this wouldn't have happened.
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Old 02-10-2017, 10:27   #29
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Yeah, they've basically had less people flying the routes they sell and there's many reasons. One is the cost due to the pound falling. I'm quoting the company handling its administration, so go argue with them if they have the books wrong.
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Old 02-10-2017, 10:28   #30
Enoch Powell
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Post the link then
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