whos to say someone won't just swallow up the profitable sections of the Jet2 (Monarch and the likes) business
It’s a strange blindness that seems to affect many people. Look at Monarch’s and Jet2’s respective accounts. Who is more likely to gobble up each other’s business? Now that
Monarch’s owner has refused to bail out the business is it not surely a matter of time? Their continuing losses have been in the hundreds of millions for some years now and yet people still look to the previous heritage of the company rather than the realistic forward position of the business.
Jet2 issued a warning, stating that profits may not be as high as previously expected and everyone seems to see crisis, whereas Monarch lost another £14 odd million last year, on top of two years of £50M+ losses and yet no one sees the very obvious looming crisis of a cash poor, loss making airline being refused a bailout in late summer.