FairwayDodger
Money List Winner
Now now play nice.
Monarch Airlines in Administration
- Thread starter Fish
- Start date
Now now play nice.
Old Skier
Tour Winner
FairwayDodger
Money List Winner
So it’s basically the #1 thing on a list of four reasons on your link but you reckon it’s wrong to use the word “main†to describe it.
IanM
Journeyman Pro
- Joined
- May 18, 2009
- Messages
- 14,967
- Location
- Monmouthshire, UK via Guildford!
Currency is way down the list relative to occupancy, average ticket prices, time at gate, fuel prices (see earlier) and airport fees!
If you cant fill the plane at the right prices- stuffed!
If you can get licences for attractive routes - stuffed!
If you are less efficient than competitors - stuffed!
Heck, a train from Newport to Paddington is over £100 in the morning and its packed cos there's no proper jobs over here.... I flew to Faro and back 2 weeks ago for £68 return. Is a train more expensive to run than a plane?
Old Skier
Tour Winner
Me thinks your being a bit selective as it states in the paragraph along with the Brexit line "prices had been depressed for some time" as one of the three other reasons in #1 alone so really I was just disagreeing with your choice of the word "main" but it's only my take on your definition.
FairwayDodger
Money List Winner
Wouldn't mind that, just a shame you felt the need to do so with a barbed comment. Anyway, I didn't want to turn it into another Brexit thread - just couldn't let the "don't mention Brexit" line pass since it clearly is a factor to one extent or another.
drdel
Tour Rookie
Airline that's been on the edge for a number of years; too many things wrong.
Wrong cost model with wrong structure of borrowing plus wrong routes at wrong time.
Management caught looking the wrong way- Brexit is not a factor here.
Wrong cost model with wrong structure of borrowing plus wrong routes at wrong time.
Management caught looking the wrong way- Brexit is not a factor here.
Doon frae Troon
Ryder Cup Winner
On the bright side it will ease the Ryanair pilot shortage.
FairwayDodger
Money List Winner
Wrong - weak business couldn't survive the devaluation of the pound after the Brexit vote. Would it have gone bust anyway? Quite probably. But please don't pretend it wasn't a factor.
G
guest100718
Guest
their holidays were more than others when I looked so went elsewhere.
drdel
Tour Rookie
Sorry to disagree but the slide down the slippery slope was already underway some years ago. Their loan structure on their aircraft was too leveraged and without enough capital and incorrect hedging on dollars it meant when the terrorist fears impacted profitable package tours business with Egypt and Turkey travellers they couldn't generate sufficient cash-flow to cover the losses on the low cost short-hall 'flight only' segments. There was no slack left after re-structuring debts a while back
Brexit MAY have a small influence via the exchange rate but they were over exposed in both Euros and dollars.
Bigfoot
Tour Rookie
The demise of Monarch put paid to the WP Seniors trip to Spain that was due to start on October 7th. We booked through Your Golf Travel and we will get our cash back soon apparently. We have since rebooked for Cyprus in November.
My son, on the other hand, was going to Amendoeira on Oct 15th. They booked Easyjet flights last Monday by 7.30am for the same dates there and back. They fly in and out of Luton which will make his trip the following day from Manchester to Orlando tight. Hope there is no delay on the return !!
My son, on the other hand, was going to Amendoeira on Oct 15th. They booked Easyjet flights last Monday by 7.30am for the same dates there and back. They fly in and out of Luton which will make his trip the following day from Manchester to Orlando tight. Hope there is no delay on the return !!