Monarch Airlines Goes Bankrupt Leaving 110,000 People Stranded
2017-10-02Reading Time: 2 minutes British leisure carrier Monarch Airlines ceased operations with immediate effect, leaving 110,000 customers stranded overseas and about 300,000 future bookings canceled. “We’re sorry to announce that Monarch has suspended flights and holidays,” the airline said on Twitter. Tough competition in the sector has been putting pressure on weaker European carriers and driving consolidation, with airberlin […]