Totally agree the 737 order makes no sense in the current situation, and if the airline can't cancel the order, they should urgently consider delaying the arrival of the new type until a plan to reverse the airlines current situation...
I can't believe the current Airbuses are that uneconomical.
Jet2 can't be helping the situation either, opening a large new base in Birmingham and growing ops at Leeds/Bradford and Manchester. Then there is the new London base at Stansted, which much be eating some what into their routes from Luton and Gatwick. Especially when both airlines are trying to chase the same sort of customers and both like to sell their own packages too.
Monarch seems to be very heavily reliant on the UK traveller to fill their planes unlike other LCC's, which operate Europe-wide. The dire Euro-rates is doing no favours, but the other airlines can absorb this, with all the Europeans coming to the UK to take advantage, as prices are cheaper for them.
Also what are with the odd-ball routes like Tel-Aviv, Stockholm and Zagreb they are flying?! These are total opposites to the beach holiday markets they operate. Tel Aviv from Luton, must be a blood bath route, easyJet, EL-AL and Wizzair are all operating the route too!
I wonder how much of the £165 million cash injection from last year, remains in the bank?
Quote from TTG:
The group has employed a group of consultants to “help with this assessment”.
Could that be the Greybull big wigs visiting, and having stern words?!