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They're hardly going to say "a managment team that didn't respond to the changing geo political landscape" or "a lack of scrutiny over trading losses resulting in us just running out of money" It's sarcastic yes ... but these things impacted everyone and a key pillar of any good business...

Looks to me like Lloyds fobbed you off and Santander gave you duff info! ATOL really has nothing to do with it unless you booked a package holiday and then you'll claim via ATOL. If you booked seats only and the cost was over £100 you should get your money back from the bank if you paid by...

As a PS Beeb now reporting it's costing Gov't (taxpayer) £60M to get everyone home

I'm no expert either, my business is pretty well banking although I also have several years in Airline. I don't believe ATOL comes into play for the vast majority as 95% of their business was flight only. Most of those bookings won't get their money back (credit card section 75 only comes into...

Of course it's a difficult situation but this was a business that had to be bailed out last year and they obviously didn't fix the underlying problem. I don't really know the answer but I would have imagined that the events of last October would have put them under microscopic scrutiny. Taking...

The other 650,000 who haven't yet gone and didn't buy a package holiday are at risk of losing their money (those who paid by debit card or where flights were purchased for less than £100)

If the fools don't get you the criminals will :)

You could easily convince them that black's white. Any kind of dodgy Management Accounts would have done it. That's part of my angst when these things crop up ... two weeks ago they're talking up the business and saying how there's nothing of substance in the rumours of financial difficulty and...

Isn't their Government bust too :)

I understand why but are all their planes in the UK? if so then this news should have broken last night when they would have had to cancel all their last flights out I'd have thought I watched Grayling on the Beeb this morning and he was talking about it being a regulated industry ... I think...

You can get Tenerife for £30 one way if not too fussy on dates. I suspect the collapse of Monarch will push prices up a fair bit

I'm struggling to understand why, having been bailed out by private investment last year the same has happened again so 'suddenly' I'd have thought that investment would have come with a ton of conditions and scrutiny and yet the business has just gone pop. Even if they couldn't make the...

I wasn't doubting that he made the statement! I just don't necessarily buy it. Yes, Sharm and Turkey would have hit them as it would all the others. That would have hit their top line number but they've replaced that (and more) with other business. They look like they've been buying that for...

I know their CEO ... I'd most certainly question that statement

Particularly bad new for '000's away at moment and booked. It will be a big hole to fill and I'd expect a chunk of their business and slots to get taken by one of the other carriers and the rest ditched. Bad news for pricing for sure with a big player 'removed overnight' Very surprised there...