| Monarch 23:02 - Oct 1 with 7343 views | MaySixth |
going bust? |  |
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| Monarch on 23:05 - Oct 1 with 7335 views | factual_blue |
I don't think any of us want to see HM the Queen bankrupt. How did you hear this? |  |
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| Monarch on 23:13 - Oct 1 with 7316 views | BanksterDebtSlave |
| Monarch on 23:05 - Oct 1 by factual_blue |
I don't think any of us want to see HM the Queen bankrupt. How did you hear this? |
Don't worry she's officially 'too big to fail'.....guaranteed by the tax payers ! |  |
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| Monarch on 07:20 - Oct 2 with 7141 views | WeWereZombies |
Didn't get the money together to renew their CAA licence and are now in admin. People with outbound flights from the UK advised not to go to the airport but holidaymakers told not to worry about the flight back to the UK as it will be picked up by other airlines (although they do need to check monarch.caa.co.uk for new flight details).
It's that time of year, need to be wary if any of the tour operators will suffer the same fate. And it does make you wonder about the Ryan Air cancellations - were the reasons they gave for the flight cancellations true or was it a mask for money saving tactics to keep the books balanced? [Post edited 2 Oct 2017 7:29]
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| on 07:30 - Oct 2 with 7103 views | _ |
| Monarch on 23:05 - Oct 1 by factual_blue |
I don't think any of us want to see HM the Queen bankrupt. How did you hear this? |
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| Monarch on 07:45 - Oct 2 with 7071 views | GlasgowBlue |
| Monarch on 07:20 - Oct 2 by WeWereZombies |
Didn't get the money together to renew their CAA licence and are now in admin. People with outbound flights from the UK advised not to go to the airport but holidaymakers told not to worry about the flight back to the UK as it will be picked up by other airlines (although they do need to check monarch.caa.co.uk for new flight details).
It's that time of year, need to be wary if any of the tour operators will suffer the same fate. And it does make you wonder about the Ryan Air cancellations - were the reasons they gave for the flight cancellations true or was it a mask for money saving tactics to keep the books balanced? [Post edited 2 Oct 2017 7:29]
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My wife is due to fly with them in two weeks for a hen night. Now hecking with other airlines for an alternative.
In 2001 we flew out to Portugal for a business conference with Belgian airline Sabina. We boarded the return flight to Scotland but when the plane was in the air Sabina went bankrupt. We landed in Belgium and spent an eternity trying to get a Virgin flight to Heathrow. We then had to do the same with a another airline from Heathroe to Edinburgh, then a taxi from Edinburgh to Glasgow.
I think it took as about 20 hours to get from Portugal to Glasgow. Feel really sorry for people who are o; holiday because even though they can get an alternative they will spend the last few days worrying. |  |
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| Monarch on 07:47 - Oct 2 with 7058 views | blue_oyster |
110,000 people from the UK affected who have flown out on Monarch airlines. Just how many people are currently on holiday? |  |
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| Monarch on 09:18 - Oct 2 with 6968 views | factual_blue |
| Monarch on 07:20 - Oct 2 by WeWereZombies |
Didn't get the money together to renew their CAA licence and are now in admin. People with outbound flights from the UK advised not to go to the airport but holidaymakers told not to worry about the flight back to the UK as it will be picked up by other airlines (although they do need to check monarch.caa.co.uk for new flight details).
It's that time of year, need to be wary if any of the tour operators will suffer the same fate. And it does make you wonder about the Ryan Air cancellations - were the reasons they gave for the flight cancellations true or was it a mask for money saving tactics to keep the books balanced? [Post edited 2 Oct 2017 7:29]
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I wouldn't trust the ryanair boss to tell me the right time even if we were stood in Parliament Square looking at the clock on the Elizabeth Tower. [Post edited 2 Oct 2017 9:37]
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| Monarch on 09:20 - Oct 2 with 6958 views | hype313 |
| Monarch on 09:18 - Oct 2 by factual_blue |
I wouldn't trust the ryanair boss to tell me the right time even if we were stood in Parliament Square looking at the clock on the Elizabeth Tower. [Post edited 2 Oct 2017 9:37]
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He'd also charge you £2.50 if you asked. |  |
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| Monarch on 09:50 - Oct 2 with 6917 views | GlasgowBlue |
| Monarch on 09:20 - Oct 2 by hype313 |
He'd also charge you £2.50 if you asked. |
At least he has shut up banging on about how Ryanair will have to cancel hundreds of flights once the UK leaves the European Union. | |
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| Monarch on 09:51 - Oct 2 with 6915 views | ITFC_Forever |
| Monarch on 07:20 - Oct 2 by WeWereZombies |
Didn't get the money together to renew their CAA licence and are now in admin. People with outbound flights from the UK advised not to go to the airport but holidaymakers told not to worry about the flight back to the UK as it will be picked up by other airlines (although they do need to check monarch.caa.co.uk for new flight details).
It's that time of year, need to be wary if any of the tour operators will suffer the same fate. And it does make you wonder about the Ryan Air cancellations - were the reasons they gave for the flight cancellations true or was it a mask for money saving tactics to keep the books balanced? [Post edited 2 Oct 2017 7:29]
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Surely there's only so many Own Goals Ryan Air can survive?
Passengers hate them, their own pilots and crew seem to hate them and O'Leary's arrogance and flagrant disregard for the code of conduct doesn't sound like a healthy business plan to me. |  |
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| Monarch on 09:59 - Oct 2 with 6900 views | tcblue |
So, is this Sovereignty or not? Hard to know | | | |
| Monarch on 10:06 - Oct 2 with 6887 views | StokieBlue |
| Monarch on 09:51 - Oct 2 by ITFC_Forever |
Surely there's only so many Own Goals Ryan Air can survive?
Passengers hate them, their own pilots and crew seem to hate them and O'Leary's arrogance and flagrant disregard for the code of conduct doesn't sound like a healthy business plan to me. |
Passengers hate them.
Then they see that it's 400 quid for 4 people during the school holidays to get to Greece rather than 1600 quid for 4 people on BA and fly them anyway.
Then complain massively and do it all over again the next time.
SB |  |
| Avatar - IC410 - Tadpoles Nebula |
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| Monarch on 10:18 - Oct 2 with 6869 views | hype313 |
| Monarch on 09:51 - Oct 2 by ITFC_Forever |
Surely there's only so many Own Goals Ryan Air can survive?
Passengers hate them, their own pilots and crew seem to hate them and O'Leary's arrogance and flagrant disregard for the code of conduct doesn't sound like a healthy business plan to me. |
Everyone hates them, but they are cheap, they own that particular space in the market, and unless someone comes along and offers the routes, the prices and the level of service you get from premium branded airline then nothing will change.
Although it will be interesting to see how Norweigian Air get on, they could be the one's that offer some decent competition. | |
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| Monarch on 10:24 - Oct 2 with 6862 views | BOjK |
"Blair Nimmo, from administrator KPMG, said its collapse was a result of "depressed prices" in the short-haul travel market, alongside increased fuel costs and handling charges as a result of a weak pound."
A weak pound? What could possibly have caused that? |  |
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| Monarch on 10:33 - Oct 2 with 6843 views | StokieBlue |
| Monarch on 10:24 - Oct 2 by BOjK |
"Blair Nimmo, from administrator KPMG, said its collapse was a result of "depressed prices" in the short-haul travel market, alongside increased fuel costs and handling charges as a result of a weak pound."
A weak pound? What could possibly have caused that? |
It's arguable the pound has been overvalued for a long time, certainly since before the referendum and any business should factor this in when setting prices surely? To assume a 15%-20% overvaluation will continue regardless of political circumstances seems a bit foolish.
https://fullfact.org/economy/exchange-rates-and-imf/
I would have thought they would have bought futures to secure their jet fuel at a fixed price years in advance, am surprised they are saying that is the cause.
Obviously Brexit hasn't helped them in general though.
SB | |
| Avatar - IC410 - Tadpoles Nebula |
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| Monarch on 10:35 - Oct 2 with 6837 views | GlasgowBlue |
| Monarch on 10:33 - Oct 2 by StokieBlue |
It's arguable the pound has been overvalued for a long time, certainly since before the referendum and any business should factor this in when setting prices surely? To assume a 15%-20% overvaluation will continue regardless of political circumstances seems a bit foolish.
https://fullfact.org/economy/exchange-rates-and-imf/
I would have thought they would have bought futures to secure their jet fuel at a fixed price years in advance, am surprised they are saying that is the cause.
Obviously Brexit hasn't helped them in general though.
SB |
Monarch have been on the verge of going bust since 2009. | |
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| Monarch on 10:42 - Oct 2 with 6825 views | StokieBlue |
| Monarch on 10:35 - Oct 2 by GlasgowBlue |
Monarch have been on the verge of going bust since 2009. |
Indeed - they were bust until the venture capital company took them over.
Failing business model unfortunately - they were OK when they stuck to charter flights and package holidays.
SB | |
| Avatar - IC410 - Tadpoles Nebula |
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| Monarch on 10:50 - Oct 2 with 6810 views | BOjK |
| Monarch on 10:33 - Oct 2 by StokieBlue |
It's arguable the pound has been overvalued for a long time, certainly since before the referendum and any business should factor this in when setting prices surely? To assume a 15%-20% overvaluation will continue regardless of political circumstances seems a bit foolish.
https://fullfact.org/economy/exchange-rates-and-imf/
I would have thought they would have bought futures to secure their jet fuel at a fixed price years in advance, am surprised they are saying that is the cause.
Obviously Brexit hasn't helped them in general though.
SB |
The movement of exchange rates is one of those irregular verbs.
My pound returns to its true rate following a period of overvaluation which is great for exporters
Your pound is devalued and we are all poorer
They suffer a run on the pound causing a financial crisis. | |
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| Monarch on 13:36 - Oct 2 with 6688 views | WeWereZombies |
| Monarch on 09:20 - Oct 2 by hype313 |
He'd also charge you £2.50 if you asked. |
Actually quite reasonable when you consider what one of our own posters would charge... | |
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| Monarch on 15:32 - Oct 2 with 6632 views | SpruceMoose |
| Monarch on 13:36 - Oct 2 by WeWereZombies |
Actually quite reasonable when you consider what one of our own posters would charge... |
Careful now, I am a very litigious moose! |  |
| Pronouns: He/Him/His.
"Imagine being a heterosexual white male in Britain at this moment. How bad is that. Everything you say is racist, everything you say is homophobic. The Woke community have really f****d this country." | | Poll: | Selectamod |
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| Monarch on 15:35 - Oct 2 with 6622 views | WeWereZombies |
| Monarch on 15:32 - Oct 2 by SpruceMoose |
Careful now, I am a very litigious moose! |
Oh deer... | |
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| Monarch (n/t) on 16:28 - Oct 2 with 6577 views | benniblue |
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| Monarch (n/t) on 22:08 - Oct 2 with 6483 views | MaySixth |
sad | |
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