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Monarch - 3

Old 27th Sep 2016, 16:16
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This is a potentially devastating scenario for literally thousands of people. Employees, families, suppliers, job applicants, you name it, there's massive potential for life changing happenings.
And conversely a struggling, debt-laden, desperate airline undermines the general health of the market, affecting many people in the industry for as long as it struggles along and 'transforms' itself whilst sapping revenue from other, healthier airlines and undermining their prospects. Maybe there just isn't a place for Monarch any more. Maybe other airlines could employ more people if Monarch just threw-in the towel. That's not gloating or celebrating, just pragmatism.
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Old 27th Sep 2016, 16:32
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El Bunto

What the hell? I've never seen a post like this before! Are you for real or just baiting? I've always suspected there has been a campaign to smear and sink Monarch and posts like yours confirm it! Don't kid yourself that you are a calling it for what it is, you are just being plain nasty!

How I wish folks couldn't hide behind anonymity!
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Old 27th Sep 2016, 16:35
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hopefully the Chinese investment is pushed through to cover the licence
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Old 27th Sep 2016, 16:46
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Interesting the BBC article only refers to package sales, but not the flight only ATOL licence.
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Old 27th Sep 2016, 16:49
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I think what we are seeing in that table on FR is that there was a schedule for the day but that none of the flights have actually operated, so far. Indeed, it looks as though the aircraft is still in PMI.
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Old 27th Sep 2016, 16:57
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Monarch's veteran chairman Sir Roy McNulty headed for exit | London Evening Standard
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Old 27th Sep 2016, 16:59
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It's a horrible situation for all involved. I've been made redundant before and it was horrible and I've also been very close to it with my current employer. That said I don't think burying heads in the sand hoping the issues will go away is very healthy either. I don't really think anyone on here has an agenda or ulterior motive, I think they are just seeing it for what it is, and for there to be United 744s hanging around the Monarch network must mean something is very seriously wrong, and for any employee to think different they are maybe not in touch with reality. Monarch might not be going under, or they might be, either way something is very, very wrong. I wish everyone at Monarch all the very best in these uncertain times and I can only hope and prey you guys will come out the other end with a positive result.
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Old 27th Sep 2016, 17:01
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Greybull to offer multi-million pound lifeline ?within days? as Monarch Airlines battles cash crunch speculation

Monarch latest: Mystery over ?shadow airline? apparently created for repatriating passengers | The Independent
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Old 27th Sep 2016, 17:09
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I'm certainly not burying my head in the sand! Ultimately the market will decide what happens. Should the much needed large investment happen, as I expect it will very shortly, we will be in very strong position! If for whatever reason it doesn't we will continue to hobble along, teetering on the edge.

Monarch is one of the best airlines in UK history and deserves proper long term funding. I am more than hopeful but also realistic.

I just have a problem with people being unnecessarily insensitive and quite nasty whilst trying to make a point which is blindingly obvious!
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Old 27th Sep 2016, 18:01
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Call me a troll if you want, but that is not my intention and I just wanted to state some very clear facts that I heard on LBC lastnight, when they were interviewing an Aviation Analyst on the current situation of Monarch, and his views on the airlines future were not positive...

- It was pointed out how the airline has had numerous cash injections for the last few years. and each time they received this. They advised the airline had a plan to reverse its bad fortunes everytime, but this still seems to be continuing where they cannot stand on their own two feet with the money they have.

- The airline is not attractive to investors as they have an order for Boeing 737s outstanding and this will cost a huge amount to convert the fleet over to the new type, and cost of canceling the order would be immense too...

- He also pointed out with Monarch now becoming a LCC, they are fighting against Ryanair and easyJet who are on average 20-30% cheaper per ticket, and they don't offer the frequency of flights of these carriers. While having almost no USP to separate them from these carriers, is a very price sensitive market.

- Oil prices are currently low compared to years gone by, and inevitably at some point these prices will be going back up. With these lower prices in oil, this is when the airline should be bringing the money in.
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Old 27th Sep 2016, 18:18
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From my understanding, the previous owners ran the company into the ground. Ask anyone who was there and saw it from the inside not some half baked aviation analyst. For the last 2 years it has just ticked along and has done pretty well with the low oil price etc but to survive in the long haul, will need proper investment possibly from a new shareholder. It needs to build up cash reserves which will only come from an investor committed to the airline in the long term.

The product Monarch offer is better than most of its competitors so there is definitely place for it moving forward.
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Old 27th Sep 2016, 18:19
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Giles, It is also worth adding to that last comment, that Monarch isn't hedged on fuel, so any increase in oil prices will leave them vulnerable.
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Old 27th Sep 2016, 18:44
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Whoever is organising these "relief" flights (CAA) can't be confident about prospects can they ?, as another UAL 744 is due in MAN at 08:47 Friday from SFO (UAL2162).
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Old 27th Sep 2016, 18:46
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Losing the ATOL licence would be a catastrophic blow as what was known as Cosmos Holidays and now trades as Monarch Holidays, sends many thousands of Brits out to the Med each year on Monarch flights.
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Old 27th Sep 2016, 18:54
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Only time will tell! Losing the ATOL licence would be fatal to Monarch but from all accounts it is about to be sorted. Why on earth it was left to the last minute to sort out is anyone's guess!!

I also understand the whole fleet of Titan Airways was put on standby but has since been stood down until this is resolved.
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Old 27th Sep 2016, 19:15
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gilesdavies

Spot on there my friend. Nobody wants them to go but how can they carry on being propped up every few years only to be back in the same position a few years later. Let's hope it can be turned around for good, people don't have a go at someone just because they don't believe it will be ok, it's just their opinion which they are entitled to.
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Old 27th Sep 2016, 19:16
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Buster - Do Monarch have two ATOL licences. One for the flight only sales on the website under 'First Aviation', and another for the holidays side 'Monarch' - it appears they do from the website.
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Old 27th Sep 2016, 19:16
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Whoever is organising these "relief" flights (CAA) can't be confident about prospects can they ?, as another UAL 744 is due in MAN at 08:47 Friday from SFO (UAL2162)
Showing as cancelled.
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Old 27th Sep 2016, 19:22
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Just my opinion

I hope Monarch stay afloat but if they don't I'm thinking Jet2 would be able to take over the gap they'll leave. Both have got big orders for 738s. Like I said, just my opinion.
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Old 27th Sep 2016, 19:54
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I know everything is speculatory at the moment but who'd pay for these cancelled rescue flights, the CAA scheme or will Monarch get the bill. I'd assume the cost will be well over a million pounds.
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