By Euro Weekly News Media • 01 October 2017 • 11:54
BELEAGUERED airline Monarch appears to be preparing for the worst after it quadrupuled the price of flight tickets to discourage customers from buying
The move means that the carrier has effectively stopped selling tickets after it was revealed that tens of thousands of passengers could be stranded should it fail to renew its Air Travel Organiser’s Licence (Atol) by midnight on Sunday.
Britain’s fifth-biggest airline was on Saturday given a 24-hour lifeline after the license was due to expire at midnight.
The fact that it was not automatically renewed has again raised questions about the Luton-based company’s financial stability after a similar situation in 2016 saw it survive only after landing a €190 million rescue package.
Reports suggest that the Civil Aviation Authority has hired 10 Qatar Airways jets to rescue holidaymakers should Monarch declare itself bust
Ryanair chief Michael O’Leary last month said: “It is an open secret that Monarch and Norwegian will not make it through the winter.”
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Of Course the best person to Comment is the head of an airline that has left thousands of customers stranded and who wasn,t prepared to do anything until forced to…
Hope my flight from Gibraltar Sunday next week to the UK and then back home to Gib on the Tuesday are gonna be okay… gggrrr
If O’Leary is right and Monarch & Norwegian fold, there will be plenty of pilots looking for jobs, maybe at Ryanair.
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