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Old 15th Jun 2010, 11:56
  #1161 (permalink)  
 
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how about:

just announced a £30 MILLION loss for the last FY, (ie not including volcanic disruption)

management shake up announced which puts the IT expert in charge of a committee to run the group and try and make good 8 years of PB b*ggeration.

no doubt the loyal hard working folks at the sharp end will again pay the price for poor leadership
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Old 15th Jun 2010, 14:37
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Loss of £30.4 million to year end Oct 2009 announced yesterday if you can call that news, the groups first ever loss .
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Old 15th Jun 2010, 22:29
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I can't help feeling that Monarch have sat on their laurels for too long- they've done nothing innovative for a long time and I am slightly fearful of the future. They are small but have little exclusive to offer. They forsook Crown service to chase the lo cos- not wise I think.

Their strength has to be at MAN- they should milk it and shut the door to Easy. To a lesor extent BHX, where they could show real commitment in a way that Baby and Ryanair haven't.

They have not exploited the Carribean and this is becoming lost to BA at LGW.

Competition is fierce at LGW and LTN is insignificant.

They are in need of a breath of fresh air at senior level. Not sure any including TJ have cut the mustard!

I wish them luck- I'd like them to be flying in 42 years time having witnessed G-AOVI inugurating, to Madrid on 5th April 1968
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Old 16th Jun 2010, 13:45
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Fear not, from what ive heard the ships in good hands ,they have completly restructured the company and created lots of new highly paid top end managers posts ......that should sort it, very sad they were at one time a very tightly run ship sounds like its game over
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Old 16th Jun 2010, 14:20
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Chowder the loady for CEO. That's what we need. He'll sort it out as an armchair CEO in between shouting at spotters...

Their strength has to be at MAN- they should milk it and shut the door to Easy. To a lesor extent BHX, where they could show real commitment in a way that Baby and Ryanair haven't.
How does milking it directly relate to making more money? Actually £30.4 million isn't half bad all things considered and if I recall, have Monarch always published profits and losses being a private firm? I thought it was all terribly mysterious.

They forsook Crown service to chase the lo cos- not wise I think.
On the face of it I would agree but the numbers never add up when people try and do this when the cheaper fares are driven down by the locos.
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Old 16th Jun 2010, 15:03
  #1166 (permalink)  
 
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Skipness have some respect please, dont attempt to insult someone on a aviation forum by implying their a "loady," so what if they are? those people work bloody hard in all weathers for a very modest salary and without them the industry would grind to a halt very quickly , carry on your childish war with chowder if you wish but dont start denigrating hard working sections of aviation staff in the process

Last edited by smudgethecat; 16th Jun 2010 at 15:41.
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Old 17th Jun 2010, 08:55
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everyone assumed PB would be an expert, instead he ruined it.
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Old 17th Jun 2010, 10:47
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Does this mean monarch are going to the wall? i really hope not as i have just booked to use them for my familes summer holiday and they are a super airline
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Old 17th Jun 2010, 10:59
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Very much doubt it, i would say they are less likely to go than most
Monarch boss: 'We'll be back in the black' - Travel Trade Gazette'
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Old 17th Jun 2010, 11:30
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Its actually worse than it sounds at first listen - a long way to come back from!!

Cosmos Holidays’ pre-tax loss in 2009 was £32.9 million, Monarch Airlines lost £19.2 million, and seat-only operator Avro lost £10.3 million.

The group’s loss was lower than the total of the three companies because their figures reflect loan write-offs within the group.
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Old 26th Jun 2010, 11:44
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Any fresh news of any new aircraft coming to Monarch yet.
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Old 26th Jun 2010, 21:21
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Yes, none planned at this time.
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Old 1st Jul 2010, 12:32
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Murcia, Spain

Does anyone know why MON stoped flying to Murcia??
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Old 1st Jul 2010, 12:46
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it was mentioned on another thread in here that Murcia is primerily a military base, and 'opens' the airport to civilian traffic for a very limited amount of time each day. miss your arrival into Murcia by a matter of minutes, and you have to divert to Alicante (and then have to transfer all passengers too). Miss your departure out of Murcia, and you plane is effectively impounded until the airport next 'opens'.

thats what i was lead to believe, however i'm sure someone could clarify that it's true, or that i'm talking a load of 'tosh'......... lol
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Old 1st Jul 2010, 15:17
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Im not sure either but if this was the case Ryanair wouldn't fly from the airport?
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Old 1st Jul 2010, 15:24
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I have a feeling that it was the 'military' closure that was the reason for Monarch ceasing the Murcia flights.

Although the closure is Monday to Friday only I seem to recall Jet2 having quite a few problems last summer through it.
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Old 1st Jul 2010, 19:02
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Nothing to do with the opening times. The airport is open all afternoon. Jet2 had problems because they decided to aim for a couple of 20min windows available in the morning that were subject to closure by the airforce if they desired. My understanding is that the route died because of the collapse in the 2nd home market in that region meaning less pax and less yield.
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Old 1st Jul 2010, 23:46
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A new airport called Corvera Airport which is 30km away from Murcia is due to open in 2010 and there is talks of Murcia to close to air traffic and be a milletry Base but Murcia airport operator AENA aloowed the construction of a sexond runway and there will be no operating restrictions on air traffic.

The new airport wont have air traffic until 2012 at the earlist.

IS MURCIA BIG ENOUGH FOR TWO AIRPORTS? | Costa Blanca | Leader Newspaper - News, Sport, Advertising, Property, Classifieds - Costa Blanca, Costa del Sol, Costa Calida, Costa de Almeria, Spain
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Old 6th Jul 2010, 20:21
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Would there ever be a chance of Monarch buying another airline cos i heard a rumour that Monarch were after buying jet2.
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Old 6th Jul 2010, 20:28
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Why on earth would Jet2 sell up. If anything it would be Jet2 buying Monarch if recent financial results are anything to go by. Just rumours and nothing more IMHO.
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