Travel Mole reports:
Monarch Group announces deep cut in pre-tax losses
I'm afraid I don't see this quite as positively as some. Whilst the airline division has posted growth in revenue and pax, it has also added quite a bit of capacity. I think the jury's still out on how successful Monarch's airline growth strategy has been.
Having said that, I wish them well and will continue to favour them with my custom when I can.