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KarelXWB
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Posts: 26968
Joined: Sun Jul 15, 2012 6:13 pm

Monarch Airlines Flies Back Into Profit

Wed Dec 09, 2015 10:34 am

Many feared Monarch would go bankrupt.

Quote:
Monarch has crowned a turnaround in its fortunes with a return to profit despite being hit by flight cancellations to Tunisia and Egypt Sharm el Sheikh, and passengers' security fears delaying bookings.

The privately-owned airline said it had made an underlying profit of more than £40m for the year to the end of October compared to a loss of £94m the year before.

Source
http://news.sky.com/story/1601510/mo...ack-in-profit-despite-terror-fears

[Edited 2015-12-09 02:49:13]
What we leave behind is not as important as how we've lived.
 
Richards2K14
Posts: 248
Joined: Thu Jul 03, 2014 6:39 pm

RE: Monarch Airlines Flies Back Into Profit

Wed Dec 09, 2015 10:43 am

Great news! Well done Monarch!!
 
santos
Posts: 538
Joined: Mon Dec 17, 2007 2:46 pm

RE: Monarch Airlines Flies Back Into Profit

Wed Dec 09, 2015 10:54 am

Slightly misleading as results are until the end of October! Egypt incident happened In November.
 
SpaceshipDC10
Posts: 7015
Joined: Tue Jan 01, 2013 11:44 am

RE: Monarch Airlines Flies Back Into Profit

Wed Dec 09, 2015 2:13 pm

Quoting santos (Reply 2):
Egypt incident happened In November.

You forgot what happened in Tunisia earlier this year that must have quite an impact on airlines like ZB.
 
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KarelXWB
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Posts: 26968
Joined: Sun Jul 15, 2012 6:13 pm

RE: Monarch Airlines Flies Back Into Profit

Wed Dec 09, 2015 4:00 pm

Quoting SpaceshipDC10 (Reply 3):
You forgot what happened in Tunisia earlier this year that must have quite an impact on airlines like ZB.

The point is, despite the events in Tunisia earlier this year, ZB still made a profit.
What we leave behind is not as important as how we've lived.
 
SpaceshipDC10
Posts: 7015
Joined: Tue Jan 01, 2013 11:44 am

RE: Monarch Airlines Flies Back Into Profit

Wed Dec 09, 2015 6:27 pm

Quoting KarelXWB (Reply 4):
The point is, despite the events in Tunisia earlier this year, ZB still made a profit.

Of course.
 
nema
Posts: 483
Joined: Fri Feb 24, 2006 3:18 am

RE: Monarch Airlines Flies Back Into Profit

Wed Dec 09, 2015 6:33 pm

They ceased doing charter this year too.
There isnt really a dark side to the moon, as a matter of fact its all dark!
 
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Vasu
Posts: 3164
Joined: Tue Apr 19, 2005 5:34 am

RE: Monarch Airlines Flies Back Into Profit

Wed Dec 09, 2015 9:18 pm

Seems like ditching the big jets worked for them!

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