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MSE News: Monarch flights operating 'as normal' after ATOL licence extension

Former_MSE_Steve_1
Former_MSE_Steve_1 Posts: 79 Forumite
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edited 2 October 2017 at 9:31AM in Flights, currency & car hire
Update 2 October

See our latest news story: Monarch Airlines Stops Trading - latest info and your rights

And discuss it on Silvercar's discussion thread:

Monarch Airlines Stops Trading - latest info and your rights discussion



Back to Sunday's post

...

https://www.moneysavingexpert.com/news/travel/2017/10/monarch-airlines-stops-trading---latest-info-and-your-rights?

Monarch Airlines has been granted a 24-hour extension to its ATOL licence, meaning its flights and package holidays will continue to operate as normal for the time being...
Read the full story:
'Monarch flights operating 'as normal' after temporary ATOL licence extension'
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Click reply below to discuss. If you haven’t already, join the forum to reply.

Comments

  • footyguy
    footyguy Posts: 4,157 Forumite
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    edited 1 October 2017 at 12:26PM
    I corrected your report ;)
    Monarch Airlines has been granted a 24-hour extension to its ATOL licence, meaning its flights and package holidays will continue to operate as normal for [STRIKE]the time being[/STRIKE] 24 hours...
    However it appears the airline has tripled/quadrupled the price of tickets overnight, which. as respected travel correspondant Simon Calder, says
    "By quadrupling fares in a hypercompetitive market, the Luton-based airline is effectively stopping selling tickets, which would limit its exposure in the event of a failure."

    ....

    "If the licence is removed, Monarch could technically continue to trade; most of its business is flight-only, which does not need an ATOL.

    But it would indicate that the aviation regulator is unconvinced about the airline’s financial health, making many travellers reluctant to book.

    Revenue would fall and suppliers could start to demand cash in advance, making it impractical for Monarch to continue to fly."
    Source: http://www.independent.co.uk/travel/news-and-advice/monarch-stops-selling-flights-midnight-deadline-looms-civil-aviation-authority-a7976336.html

    Or is MSE going to cynically suggest the rise in cost to at least £100 is to ensure those paying by credit card are covered by S75 should the worst happen? :cool:

    Elsewhere:
    A CAA spokesman said: 'We can confirm Atol protection will remain available for eligible holiday bookings made with Monarch on Sunday. The CAA will provide a daily update with regard to the protection that is available.'
    Source: http://www.dailymail.co.uk/news/article-4937236/Monarch-Airlines-handed-24-hour-reprieve.html
  • Gloomendoom
    Gloomendoom Posts: 16,551 Forumite
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    edited 1 October 2017 at 12:26PM
    Just tried to do a dummy booking on Monarch's website and no flights are available beyond the end of October.

    ETA Just tried again and flights are available but all at a flat rate of £162.
  • itstheone
    itstheone Posts: 57 Forumite
    Bit worried about this as the Mrs is meant to be flying to Turkey on Friday :-o
  • Jono1973
    Jono1973 Posts: 3 Newbie
    I'm equally as worried as I've booked a package holiday with them for my honeymoon with them for 10 days in Cyprus leaving 15 October. Monarch are saying nothing when I ask them if its still happening...
  • ic
    ic Posts: 3,414 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Yep - Manchester to Alicante is showing all seats £132 out, £114 back. I was shopping around a few days ago and they varied in price from £35 to £150ish.
  • footyguy
    footyguy Posts: 4,157 Forumite
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    edited 2 October 2017 at 5:00AM
    Update 00.10 Mon 2 Oct: The Sunday evening deadline passed with no further update from the CAA or Monarch. We'll update this story first thing in the morning.

    Whilst MSE staff are getting their zzz's, here is the latest.

    Monarch Airlines have fallen into administration early this morning.
    This effectively marks the collapse of the business.
    There are no outgoing Monarch flights from the UK and the advice for those already booked on such flights is to not travel to the airport.
    For those booked onto return Monarch flights to the UK, the government has asked the CAA to charter aircraft to bring you back to the UK.
    Monarch Airlines has ceased trading and all of its future bookings have been cancelled, the Civil Aviation Authority has said.


    Around 110,000 customers are currently overseas and the government has asked the CAA to charter aircraft to bring them back to the UK.


    Monarch is the UK's fifth biggest airline and the country's largest ever to go into administration.



    Customers in the UK due to fly have been told not to go to the airport.
    http://www.bbc.co.uk/news/business-41464934

    Edit: Any Monarch pilots reading? Michael O'Leary is said to be interested in hearing from you ;)
  • footyguy
    footyguy Posts: 4,157 Forumite
    1,000 Posts Combo Breaker
    Official information available here

    https://monarch.caa.co.uk/
  • jackieblack
    jackieblack Posts: 10,490 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    itstheone wrote: »
    Bit worried about this as the Mrs is meant to be flying to Turkey on Friday :-o
    Jono1973 wrote: »
    I'm equally as worried as I've booked a package holiday with them for my honeymoon with them for 10 days in Cyprus leaving 15 October. Monarch are saying nothing when I ask them if its still happening...

    Sorry, not the news you wanted :(
    Info here https://monarch.caa.co.uk/customers/i-have-a-future-booking-and-have-not-travelled-yet/
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  • footyguy
    footyguy Posts: 4,157 Forumite
    1,000 Posts Combo Breaker
    The following companies from within the Monarch Group are in administration:
    Monarch Holdings Limited
    Monarch Airlines Limited
    Monarch Travel Group Limited
    First Aviation Limited
    Avro Aviation Limited
    Avro Limited
    MH Aviation Transport Limited (formerly Cosmos Aviation Limited)
    Monarch Holidays Limited (formerly Cosmos Holidays Limited)
    somewhere2stay Limited
    Monarch 2011 Limited


    [Monarch Aircraft Engineering Limited and Monarch Aircraft Engineering LLC (Monarch Ukraine) are not in administration and continue to trade as normal.]


    Source: https://home.kpmg.com/uk/en/home/media/press-releases/2017/10/administrators-appointed-to-monarch-airlines-and-travel-group.html
  • silvercar
    silvercar Posts: 49,439 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Name Dropper
    edited 2 October 2017 at 8:56AM
    Time has moved on so please note the title of this thread is now misleading.

    Main article here:

    https://www.moneysavingexpert.com/news/travel/2017/10/monarch-airlines-stops-trading---latest-info-and-your-rights

    Thread running here.
    I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
This discussion has been closed.
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