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Monarch

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ProfilePosted byOptionsPost Date

AnninGlos

AnninGlos Report 2 Oct 2017 16:09

I did read that they had lost a lot of custom because of people not going to Egypt and Turkey, as well as the run on the £.

Researching:
Photo spring Researching Somerset, Dorset, Hampshire, Derbyshire, Staffs, Devon, Glamorganshire. Ingram, Masters, Tamblyn, Knight, Warner, Bate, Allen, Riggs, Dominey, Duffin

Caroline

Caroline Report 2 Oct 2017 17:46

Why share important information with others?....they don't deserve help ignorance is no excuse ....

RolloTheRed

RolloTheRed Report 2 Oct 2017 18:32

The gist of both these links was published in the Daily Mail and other popular news sources.

http://finance.google.co.uk/finance/company_news?cid=7063538

http://www.thisismoney.co.uk/money/news/article-3817508/Monarch-Airlines-confident-secure-fresh-financing-battles-renew-crucial-licence.html

There is no need for anybody to bury themselves in the financial pages but when making decisions which need to be safe pay attention to more than the sticker price. The upcoming demise of Monarch was no secret.

Researching:
The Man In the High Castle

maggiewinchester

maggiewinchester Report 2 Oct 2017 18:57

And your point is?

Financial Times from 2016:
Monarch Airlines says it plans to announce “significant investment” from stakeholders in “coming days” as the budget airline sought on Monday to reassure passengers amid speculation about the state of its finances

Mail article (2016) ends:
Monarch has said it is trading well and expects to announce that it has made a £40 million profit at the end of its financial year this month

This indicates financial problems in the future does it?
It indicates they had financial problems, but they were being resolved - which they were - for a year.
They had financial problems in 2014 - but kept running.

It also shows Monarch brought in administrators only 12 hours ago.

Oh yes, and some of us don't read the Daily Fail, nor the Financial Times.

Researching:
Henry Floyd (g x 4 grandad) Allegedly the heaviest man in England in 1842

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