Industry News

Monarch Airlines collapsed. UK launches the biggest peacetime airlift in history.

The British low-cost operator Monarch Airlines has shut down its operations, cancelling more than 300,000 bookings for future flights and leaving 110,000 tourists stranded abroad.
The airline blamed the terrorist attacks in Turkey, Egypt and Tunisia for the £291m loss recorded last year. The drop in demand for the Mediterranean routes that formed the core of its business added to the weakening of British Pound after the Brexit vote and to the fierce competition on a low-cost market dominated by massive players like Ryanair and easyJet.

The UK Government has asked the Civil Aviation Authority to charter more than 30 planes to bring all the tourists who are abroad back to the UK. They will be flown home at no extra cost.

Monarch operated continuously since 1968 and had 2,750 employees.

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