Originally posted by xoggoth
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Monarch the first big Brexit victim
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Originally posted by Stevie Wonder Boy View PostSalaries would have been paid in pounds, fuel is the other major cost is usually traded dollars, so yes it could have had an impact if they didn't hedge oil, like most airlines do. Though the cost of Oil is completely through the floor as is Jet A1. So not likely.
Airport/baggage handling fees account for a large portion of the expense and they are not in £. Also likely aircraft spare parts aren't in £.Comment
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So it's all due to Brexit? Interesting that Monarch is the third major European airline to collapse since August and analysts say that more losers could emerge in the coming months as smaller, weaker players come under pressure.
European airlines: Why do they keep going bust? - Oct. 2, 2017bloggoth
If everything isn't black and white, I say, 'Why the hell not?'
John Wayne (My guru, not to be confused with my beloved prophet Jeremy Clarkson)Comment
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Originally posted by xoggoth View PostSo it's all due to Brexit? Interesting that Monarch is the third major European airline to collapse since August and analysts say that more losers could emerge in the coming months as smaller, weaker players come under pressure.
European airlines: Why do they keep going bust? - Oct. 2, 2017Comment
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Originally posted by northernladyuk View PostNo. But it looks as if Brexit was a contributing factor. They were probably doomed anyway.
Everyone in the last 12 years who have put money into them haven't made much if anything at all. The final straw was the terrorist threats in the holiday destinations in the Middle East which means they couldn't fly there."You’re just a bad memory who doesn’t know when to go away" JRComment
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Originally posted by SueEllen View PostThey were doomed.
Everyone in the last 12 years who have put money into them haven't made much if anything at all. The final straw was the terrorist threats in the holiday destinations in the Middle East which means they couldn't fly there.P.S. What Spreadsheet? Revolutionising the contracting market again.Comment
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Another Brexit doom porn thread.
Monarch have been loosing money and market share for years. With the £ dropping against the Euro over the last 15 years and an unsustainable business model competing against the budget airlines, The result was inevitable.
But yeah, blame it on Brexit just like the Vegas shooting.
Polishing a turd near you!!Comment
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Originally posted by vadhert View PostAnother Brexit doom porn thread.
Monarch have been loosing money and market share for years. With the £ dropping against the Euro over the last 15 years and an unsustainable business model competing against the budget airlines, The result was inevitable.
But yeah, blame it on Brexit just like the Vegas shooting.
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I use easyjet twice a month and I am astonished at how cheap flights have become these days.
£70 return from luton to Copenhagen or Luton to zurich is insane given that the landing costs are unusually high in both airports and more importantly the times suit commuters really well
7AM flight out of luton - 9PM flight on Thursday
If Monarch are in trouble you can bet easyjet and ryanair are feeling the pinch as wellComment
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Originally posted by 1 Jack Kada View PostI use easyjet twice a month and I am astonished at how cheap flights have become these days.
£70 return from luton to Copenhagen or Luton to zurich is insane given that the landing costs are unusually high in both airports and more importantly the times suit commuters really well
7AM flight out of luton - 9PM flight on Thursday
If Monarch are in trouble you can bet easyjet and ryanair are feeling the pinch as wellComment
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