Monarchs issues are poor business management – that is the beginning, middle and end of the story. They’ve been teetering on the edge for as long as I can remember. Absolutely nothing to do with Brexit. And blaming terrorism….well that is the job of any business and CEO – to assess the risks of the industry in which you operate and deal with them to ensure the survival of your company.

The weak pound is irrelevant. For decades the pound has been stronger against the Euro and Dollar and US and European airlines have thrived, and the weak pound has stimulated inward travel into the UK which Monarch have obviously not been able to exploit because of their poor decision making on route structure leaving them too exposed to issues they cannot control, influence or mitigate. Just poor management pure and simple. They’re not the first airline to go bust and wont be the last. Airlines are gong bust all the time.

The weak pound is irrelevant.

You really are fooling no one with this.

Of course Monarch had problems, but inflation has hit everyone in the UK, yes it’s only a factor in their collapse, however
According to administrator from KPMG on R4

in the last year they’ve flown 14 per cent more customers but the revenue for that has been £100million less. In tandem with that the cost base has increased fairly significantly because of the adverse movement of the dollar against the pound where a number of their costs, namely fuel handling charges and lease payments are still paid in US dollars.

To try and deny that our self inflicted currency crash had nothing to do with this is brexidiocy that Farage would be proud of, but still admitting that Brexit has contributed to people loosing jobs and 1000s left stranded (with gov facing 60m bill to fly them back) is obviously hard to do for the true believers.