Monarch - 3
Looks like good news for Monarch.
Pushing ahead for the the future!
Monarch Airlines Plans 62-Jet Deal by September in Discount Push - Bloomberg
Pushing ahead for the the future!
Monarch Airlines Plans 62-Jet Deal by September in Discount Push - Bloomberg
Monarch boosted its passenger total 5.4 percent to 6.28 million in the year through October 2012. Cost cuts helped the company narrow its adjusted loss before tax to 14.9 million pounds ($23 million) from 51.1 million pounds as it targets a profit this fiscal year, according to the statement.
Revenue rose 10 percent in the six months ended April 30, with yields -- a measure of average prices -- gaining 4 percent.
Revenue rose 10 percent in the six months ended April 30, with yields -- a measure of average prices -- gaining 4 percent.
Last edited by Serenity; 12th Jun 2013 at 10:52.
Travel Mole reports:
Monarch Group announces deep cut in pre-tax losses
I'm afraid I don't see this quite as positively as some. Whilst the airline division has posted growth in revenue and pax, it has also added quite a bit of capacity. I think the jury's still out on how successful Monarch's airline growth strategy has been.
Having said that, I wish them well and will continue to favour them with my custom when I can.
Monarch Group announces deep cut in pre-tax losses
I'm afraid I don't see this quite as positively as some. Whilst the airline division has posted growth in revenue and pax, it has also added quite a bit of capacity. I think the jury's still out on how successful Monarch's airline growth strategy has been.
Having said that, I wish them well and will continue to favour them with my custom when I can.
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LGS6753
Whilst not out of the woods, the extra capacity might account for the bigger numbers but the yield is also up which, we re told, is the real bottom line.
Numbers and yield improved today thanks to FR cancelling flights all over the place, even flights that had already boarded! No pay for the crews there then.
Whilst not out of the woods, the extra capacity might account for the bigger numbers but the yield is also up which, we re told, is the real bottom line.
Numbers and yield improved today thanks to FR cancelling flights all over the place, even flights that had already boarded! No pay for the crews there then.
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The c series is a distraction in my view and will only serve to undermine the value of the Boeing/Airbus order. Whilst the figures out today are a big improvement they have still work to do to get back to break even, they are being squeezed in the North and Midlands by Jet2 and at LGW by fast growing Norwegian, judging by the reviews on skytrax they have a lot of work to do in customer service and dispatch reliability if they are to retain business against the new comers, still living on their past glory I think, but wish them well.
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The financial results are more of an indication of the positive direction of travel of the group's financial results rather than the current financial position. They are for up to October last year, a lot more has been done in the last eight months and indeed a lot more is being done to continue to improve the financial results.
Last edited by Alloy; 13th Jun 2013 at 16:12.
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Just read this in the Travel Weekly today:
"Monarch also plans to order new long-haul aircraft next year, after cancelling an order for the Boeing 787 Dreamliner at the start of its current turnaround plan.
Group executive chairman Iain Rawlinson said: “We will be putting out an RFP [request for proposal] on long haul next year.”
Rawlinson said three new appointments to the airline board, announced yesterday, form part of the transformation and expansion plans"
Personally, I'll believe it when I see long haul a/c parked up on the apron but this does sound more promising than anything else I've seen with regards to anything other than narrow bodied fleet (which is what I though was the only plan in place for now).
Full article: Monarch plans 60-aircraft deal to replace fleet - Travel Weekly, 13 June 2013
"Monarch also plans to order new long-haul aircraft next year, after cancelling an order for the Boeing 787 Dreamliner at the start of its current turnaround plan.
Group executive chairman Iain Rawlinson said: “We will be putting out an RFP [request for proposal] on long haul next year.”
Rawlinson said three new appointments to the airline board, announced yesterday, form part of the transformation and expansion plans"
Personally, I'll believe it when I see long haul a/c parked up on the apron but this does sound more promising than anything else I've seen with regards to anything other than narrow bodied fleet (which is what I though was the only plan in place for now).
Full article: Monarch plans 60-aircraft deal to replace fleet - Travel Weekly, 13 June 2013
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"Monarch also plans to order new long-haul aircraft next year, after cancelling an order for the Boeing 787 Dreamliner at the start of its current turnaround plan.
Ha Ha Ha
Can't wait to get issued my A350 tie pin!!
Ha Ha Ha
Can't wait to get issued my A350 tie pin!!
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I still don't understand the end-goal with Monarch... Will it attempt to go low-cost and compete with Easy, Ryan, Norwegian, Vuelling and Wizzair? Or will it add A350s and compete more against Thomson - or will it continue as a hybrid if the two? Still quite confusing. I guess only the high-paid McKinsey consultants know these days...
Fingers crossed for a C-Series order in Paris!
Fingers crossed for a C-Series order in Paris!
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...and if you are going down the rumor/looking for (un)obvious clues:
Has a deal been done to buy the initial 787s from BA, given the aircraft registrations ( G-ZBJA onwards) ?
Has a deal been done to buy the initial 787s from BA, given the aircraft registrations ( G-ZBJA onwards) ?
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I have just checked to see if Flights that run on the A300 at the moment are on the A300 for summer 2013 and the bad news is that the are A321's next summer. Flights I checked Were:
Friday:
ZB564 MAN-TFS
ZB569 TFS-MAN
Saturday:
ZB654 MAN-AGP
Sunday:
ZB655 AGP-MAN
This is my indications that All 3 A300;s could be going this year
Mr. @ Spotty M will know I think 
Friday:
ZB564 MAN-TFS
ZB569 TFS-MAN
Saturday:
ZB654 MAN-AGP
Sunday:
ZB655 AGP-MAN
This is my indications that All 3 A300;s could be going this year
Mr. @ Spotty M will know I think
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Interesting article on Monarch
Last edited by Facelookbovvered; 18th Jun 2013 at 08:07. Reason: link
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I take it that the 300's will be leaving this winter and being replaced by more a320/1's. What are they going to do when the a330's are on maintenance in future because the a300's usually cover for them 