Articles tagged “Monarch”

How Wizz Air Plans to Take Advantage of Brexit

How Wizz Air Plans to Take Advantage of Brexit

Patrick Whyte, Skift

Brexit might end up being pretty painful for the European aviation industry, especially those airlines with big operations into and out of the UK. Will Wizz Air be able to take advantage of this turbulence? We'll have to wait and see.

4 months ago

TUI Boosts Aircraft Order to Capitalize on Rivals’ Struggles

TUI Boosts Aircraft Order to Capitalize on Rivals’ Struggles

Benjamin Katz and Richard Weiss, Bloomberg

With airlines failing all across Europe, it makes sense for TUI Group to add to its order book.

5 months ago

IAG Takes On Low-Cost Rivals With Transatlantic Capacity Binge

IAG Takes On Low-Cost Rivals With Transatlantic Capacity Binge

Christopher Jasper and Benjamin Katz, Bloomberg

If there is going to be a capacity war over European skies, IAG is probably in a stronger position than its rival carrier groups. And with oil prices rising again, we could see more airline business casualties in 2018.

1 year ago

Pilot Shortage Issue Splits European Airline Execs

Pilot Shortage Issue Splits European Airline Execs

Patrick Whyte, Skift

Are there enough airline pilots to go around? There's no agreement on whether there's a crisis, but some airlines are at a greater disadvantage than others.

1 year ago

EasyJet Increases Fares Thanks to Problems at Rival Airlines

EasyJet Increases Fares Thanks to Problems at Rival Airlines

Thomas Seal, Bloomberg

While EasyJet isn't totally out of the woods yet, departing CEO Carolyn McCall leaves the airline in a much stronger position than it was a year ago. The initial shock of the Brexit vote has been weathered, and other carriers are struggling. Both of which make her successor's job that much easier.

1 year ago

EasyJet Plans to Capitalize on Rivals’ Woes

EasyJet Plans to Capitalize on Rivals’ Woes

Thomas Seal, Bloomberg

How quickly things can change in the airline business. Only a few months ago it was EasyJet that was struggling. Now EasyJet stands to benefit from problems at some of its closest competitors.

1 year ago

What Monarch Air’s Bankruptcy Means for European Aviation

What Monarch Air’s Bankruptcy Means for European Aviation

Patrick Whyte, Skift

While there might be too many European airlines, Monarch's demise shouldn't necessarily be seen as being symptomatic of wider industry problems. Like Alitalia and Air Berlin before it, the UK-based airline and tour operator had plenty of self-inflicted wounds that were exacerbated by external issues.

1 year ago

Ryanair Passenger Growth Slows Amid Mass Cancellations

Ryanair Passenger Growth Slows Amid Mass Cancellations

Benjamin Katz, Bloomberg

Monarch's bankruptcy has taken the attention away from Ryanair for the minute but it is going to take some time before the Irish airline's reputation recovers.

1 year ago

Monarch Becomes the Latest European Airline to File for Bankruptcy

Monarch Becomes the Latest European Airline to File for Bankruptcy

Thomas Seal, Bloomberg

Like Air Berlin, Monarch's collapse into bankruptcy has been well-flagged through heavy losses over the last few years. Plenty of CEOs and pundits have predicted consolidation in the European aviation market and it looks like it is now coming to pass.

1 year ago

Take Monarch Air’s Profit Predication With a Pinch of Salt

Take Monarch Air’s Profit Predication With a Pinch of Salt

Patrick Whyte, Skift

EBITDA is a pretty useless at telling you anything about the real profitability of a company. We’ll have to wait until it publishes audited accounts sometime next year.

2 years ago

Monarch’s Flights Will Soon Lose Protection From UK Licensing Scheme

Monarch’s Flights Will Soon Lose Protection From UK Licensing Scheme

Patrick Whyte, Skift

Monarch had been brought into the Civil Aviation Authority’s ATOL scheme following its near collapse in 2014. Although on the surface its departure might look worrying, it is actually reassuring that it is now able to start behaving like other airlines.

2 years ago

Airline and Operator Monarch Gets Life-Saving Investment From Major Stakeholder

Airline and Operator Monarch Gets Life-Saving Investment From Major Stakeholder

Patrick Whyte, Skift

Monarch’s immediate future may have been secure but its already fragile reputation has taken another hit. The proof of its viability as an airline and tour operator will be when it starts to produce profits on a regular basis.

2 years ago