For those in Monarch complaining about declining terms and conditions and lack of pay rises. I would say that you should recognise that this is a recession, and most of us are lucky to even retain our jobs. If you need convincing then ask those in Buzz, Debonair, Sabena, Swissair,etc . All pilots in all the airlines are working harder than previously. The CAA website gives the following profit/(loss) before tax for the tax year ending 2002.
Monarch £300,000
Last year will have been worse (ie a sizeable loss), and the coming year worse still.
For comparison:
BA loss ( £187,000,000)
Thomas Cook loss ( £29,000,000)
Brit Mid loss ( £2,200,000)
FlyBE loss ( £16,900,000)
Virgin loss ( £14,500,000)
Britannia profit £63,300,000
Easyjet profit £40,100,000
Go profit £13,900,000
GB profit £12,900,000