WHY did Monarch fail?
Did Monarch fail because it's cost base was too high?
Tough on it's employees but for any airline that has a cost base that is too high it's inevitable it will fail eventually.
Or was there another reason?
I recall a number of years ago Aer Lingus was in the same position until Willie Walsh took over and save it from extinction with a series of cost cuts the Unions opposed but had to give in to if the airline was to survive.
My remarks above also apply to Air Berlin and Alitalia.