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Monarch Airlines
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Official statement from Monarch...26th September, 2016
Over the weekend, there has been negative speculation about Monarch’s financial health.
Monarch is trading well and is expected to achieve an EBITDA of over £40m at the end of this financial year (October 2016). This is despite a difficult period for the holiday industry due to terrorist incidents, Brexit and the resulting devaluation of sterling.
Our flights and holidays are operating as normal, carrying Monarch customers as scheduled.
To weather tougher market conditions and to fund its ongoing growth, Monarch expects to announce a significant investment from its stakeholders in the coming days.0 -
Press Association
"...But aviation analyst Alex Macheras told the Press Association: "Out of all the carriers we have in the UK it wouldn't surprise me if Monarch were to declare bankruptcy, purely because we've known that they've been in such a fragile state for so long...."Posts are not advice and must not be relied upon.0
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