The holiday arm of the company, not the airlineOne of the things is that nobody is taking holidays to Egypt or Turkey due to fears of terrorism. That means they have too many aircraft for the people who want to fly with them. This has meant their income is mainly from short haul flights to Spain etc but the pressure on ticket prices for these destinations from other carriers means very low margins or even losses. Monarch wants to re-align itself as a long haul carrier but unless its licence is renewed by midnight, I think its going tits up
Wereabouts mate, I'll be there myself in Nov, Costa TeguiseWe have flight only to Lanzarote in November. Wondering what's happening
Wereabouts mate, I'll be there myself in Nov, Costa Teguise
All their income is from short haul flights, they haven't done long haul for a good few years.One of the things is that nobody is taking holidays to Egypt or Turkey due to fears of terrorism. That means they have too many aircraft for the people who want to fly with them. This has meant their income is mainly from short haul flights to Spain etc but the pressure on ticket prices for these destinations from other carriers means very low margins or even losses. Monarch wants to re-align itself as a long haul carrier but unless its licence is renewed by midnight, I think its going tits up