Looks like good news for Monarch.
Pushing ahead for the the future!
Monarch Airlines Plans 62-Jet Deal by September in Discount Push - Bloomberg
Monarch boosted its passenger total 5.4 percent to 6.28 million in the year through October 2012. Cost cuts helped the company narrow its adjusted loss before tax to 14.9 million pounds ($23 million) from 51.1 million pounds as it targets a profit this fiscal year, according to the statement.
Revenue rose 10 percent in the six months ended April 30, with yields -- a measure of average prices -- gaining 4 percent.