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Monarch - 3

Old 19th Oct 2016, 18:27
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HNA?

There's more to come I am fairly certain. Speaking to my mates in Monarch the announcement appears only part of the story. Expect something else over the coming weeks.
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Old 19th Oct 2016, 19:44
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Makes you wonder what all the fuss was about...
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Old 20th Oct 2016, 01:43
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Kyle , Your "mates" in monach do not know anything more than is in the public domain, I also know people in monarch and they know no more than we do about what the future holds.
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Old 20th Oct 2016, 02:00
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Would have thought both Monarch and Greybull would like the next few months to be stable (boring would be even better) with very little significant news or announcements
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Old 20th Oct 2016, 07:52
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Brigantee

With due respect, it depends who you know! Most people in Monarch know little more than what's public but if you ask around and prod and poke you get some interesting bits of information. Right now it is purely speculation but interesting nonetheless for senior management pilots to get very excited!

Anyway the ATOL and short/medium term funding is now resolved so fingers crossed they continue to do well.
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Old 20th Oct 2016, 08:01
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Looks like 'longer' term funding resolved > https://skift.com/2016/10/20/monarch...ensing-scheme/
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Old 20th Oct 2016, 17:41
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Oh dear, that is another advantage down the Kazi.
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Old 20th Oct 2016, 17:54
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Oh dear, that is another advantage down the Kazi.

Not really .... if you book with credit card (100 +) you are protected or if you use PayPal you have 180 days protection or for little extra cost you can add SAFI to your insurance. Monarch should pass on the 2.50 ATOL saving - it is doubtful they will however market forces may dictate they have to. Also if you book this year you will still be protected for future flights even if taken after the ATOL certificate for flights is no longer in operation.


The disappointment regarding this is that Monarch did not use it to their advantage (release saying they were now solvent so no need for CAA/ATOL) ... instead the headlines saying Monarch flights no longer protected by ATOL.
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Old 20th Oct 2016, 19:26
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The compulsory ATOL was a huge disadvantage for Monarch. Essentially Monarch had to provide compulsory Scheduled Airline Failure Insurance (SAFI) - but most customers when making a purchase decision did not factor this in when deciding whether to buy a ticket from Monarch or another airline. Result being they had a higher cost base adding a service which most flight-only pax would not have been willing to pay for in the first place.
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Old 20th Oct 2016, 22:52
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David I don't think the average pax knew about the ATOL flt only flight cover as Monarch never seemed to advertise it. I think Monarch could have made more capital out of it.

Last edited by IcePack; 21st Oct 2016 at 08:53. Reason: Typo
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Old 21st Oct 2016, 14:21
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Well at least this will get them out of next years ATOL renewal issues...

Ryanair looking to snap up surplus B737-800 capacity - ch-aviation.com
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Old 27th Oct 2016, 01:53
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I agree completely, pabloc. Just look at the other posts on pprune from them. Says it all.

We already established Monarch's bookings are up on a time when the image was that of financial stability? (or more so than it currently is). I understand Monarch priced too high this summer and as that was realised prices were being reduced, coincidentally as this kicked off.

It could look like desperation to some
Almost anything "could" look like something to "some" people.
Perhaps maybe, I use the words advisedly, the amount of things that could perhaps possibly look a certain way to some people is infinite?
Please can we stop the empty words, it wastes cyber space.

Monarch has value... About as many slots as TCX and VS combined at LGW has value.

From what has been said about Monarch, I think JoePublic, who know nothing specific, have a more accurate picture of the company than the previously named bitter few.
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Old 16th Dec 2016, 16:37
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Monarch airline warns profits will fall 35% this year

Monarch back in the news again:-


Monarch airline warns profits will fall 35% this year - BBC News
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Old 16th Dec 2016, 16:52
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Originally Posted by flybar
But they also expect to make 48m! Given the Brexit vote and the resulting fall in sterling, and the CAA's botched attempt to put them out of business altogether not a bad result overall. Encouraging that they also report a 40% increase in forward package bookings for 2017.

Glass half full, or glass half empty. Take your pick.
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Old 16th Dec 2016, 16:58
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Right. So bookings up 40% for next year, #DespiteBrexit.
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Old 16th Dec 2016, 21:33
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CAA's botched attempt to put them out of business
It was Monarch who nearly put Monarch out of business - not the regulator !
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Old 16th Dec 2016, 22:47
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Are you actually trying to suggest that the situation was caused by a competing airline rather than by Monarch's owners last minute dealings with the CAA??
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Old 17th Dec 2016, 09:20
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Originally Posted by HeartyMeatballs
Right. So bookings up 40% for next year, #DespiteBrexit.
Indeed, somewhat surprising, but welcome news for Monarch, and if replicated across the sector, good news for the industry as a whole.
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Old 17th Dec 2016, 11:11
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Holiday bookings are up 40%, flight only bookings are only up 10% - anyone know what percentage of monarchs business is flight only these days? I would have thought that having transitioned to be a scheduled low cost airline that flight only would make up the majority of their business?
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Old 17th Dec 2016, 15:08
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As Monarch decided during their restructure that holidays along with longhaul was not part of the brave new world they ditched them , However i suspect on taking a look at jet2 they then decided recently to conduct a U turn and actually selling holidays may be a good idea after all
So i suspect last years holiday sales were very smalll therefore a Forty percent rise in sales might not actually be that big a deal

Who knows they may decide looking at the increase long haul sales the decision to abandon that market was not the smartest move in the world.
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