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Old 1st May 2017, 07:40
  #4102 (permalink)  
Crosswind Limits
 
Join Date: Jul 2000
Location: London
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Some people clearly don't know when to stop! As was said earlier if you can produce evidence that Monarch was in financial difficulty and losing money pre the ATOL debacle and be confident enough to provide your name with it, I and many others would take you seriously. I suspect you won't be able to do that but you'll go on about the ATOL bond and the CAA having just cause blah blah blah as if that means anything by itself! Keyboard warriors hey!!!

The fact is that Monarch was in profit and was renegotiating its ATOL contribution........end of! The CAA taking a step like that was a complete overreaction and unnecessary and this is widely accepted now both within the organisation and outside. Internally at the CAA this has been discussed ad nauseam and action taken to make sure this doesn't happen again. To not properly consider that social media would seize on the "shadow airline" and spread it like wildfire was a serious oversight by them. It almost became a self fulfilling prophecy and seriously damaged Monarch's brand.

Anyway that is all behind us now, ATOL bonded flights only ended and rightly so and a further major investment was made by our shareholders. Monarch's brand has proven to be far resilient than many thought and passenger confidence is recovering and load factors are comparable to all other airlines!

Some people will always wonder about a relatively small airline like Monarch surviving as a separate entity long term and that is a fair comment. None of us know what the future holds and Brexit has complicated the scenario immeasurably.
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