Tough times ahead
Firstly, best wishes to all at Monarch and hopefully the restructured deal provides a secure platform for the future for all.
The currency instability £ / $ (1.55 down to 1.25) sets out much of the present difficulty and the trend, if it continues, shows what lies ahead. Irrespective of how well your fuel is hedged or how good a deal you struck with a manufacturer, if you face an adverse currency shift to the tune of 25%, it presents a serious challenge to all UK operators.
The cost of leisure travel to the US is now out of reach for many in the UK and that will impact on us all.