Just for the record in terms of load factors. Load factors mean nothing if you do not know what the yield for each seat is. Monarch or EZY could be selling there seats for £10 each and if they did they would be loss making.
I do not know if Monarch are making a profit or not but to say they have 90% load factor means nothing if they are not making a profit on the seats sold. I could use one of Monarch A330 and fill every seat on it to Malaga and charge 10p per seat and say hey look guys I have 100% load factor but I would be out of business very quickly.
I wish Monarch well as they do offer a decent contract for the new guys. I'm sure they will be around for a few more years yet.