PPRuNe Forums - View Single Post - Monarch Anyone?
Thread: Monarch Anyone?
View Single Post
Old 10th Jun 2012, 10:58
  #85 (permalink)  
BlackandBrown
 
Join Date: Oct 2010
Location: U.K.
Posts: 529
Likes: 0
Received 0 Likes on 0 Posts
BlackandBrown...ignorance comes in different forms...
Quite......

Monarch has been a mainly scheduled operation since 2005...
Are you sure about that?


After many years of operating profitably, Monarch Group, the parent company of Monarch Airlines and Cosmos Holidays, reported a large pre-tax loss of £32.3m in the financial year ending in 2009, which covered the depths of the recession in 2008. This necessitated a £45m cash injection from the Mantegazzas who have [co-]owned the group since its inception. The Mantegazza's cash injection was accompanied by a change in strategy that saw Monarch Airlines changing its focus from being primarily a charter carrier to becoming a predominantly "scheduled leisure airline", with a target of 80% of its business being scheduled (compared with only 20% in 2005).

In the words of the A320 auto thrust system 'retard, retard'
BlackandBrown is offline