I've been with Monarch about 22 years now and praise my lucky stars every day so to be.
They're not perfect, in fact I've had a good old gripe recently about the omnishambles that is our IT strategy... but nonetheless, a fantastic employer
who I hope will be around for another 40 odd years. And, if Lugano has the inclination, will be as they could fund the airline out of what they lose down the back of the sofa. (ps all you negatives out there who will dive in to say that the family want out please tell me how you have a window on the collective mind of the Mantegazza family)
Pilot wages and costs are a significant factor, but nothing compared to the interaction of the cost of oil and its hedging/ currency exchange rates and interest rates.. get that right, be efficient, and you can compete with anyone.