Lady Murasaki wrote:You can't blame everything on Brexit.
Avon Barksdale wrote:Lady Murasaki wrote:You can't blame everything on Brexit.
Weak pound though...
I presume that's why Mr DC mentioned their income was in GBP but their costs were in USD.
Lady Murasaki wrote:Avon Barksdale wrote:Lady Murasaki wrote:You can't blame everything on Brexit.
Weak pound though...
I presume that's why Mr DC mentioned their income was in GBP but their costs were in USD.
Oh I see. Maybe people are travelling less?
Avon Barksdale wrote:Lady Murasaki wrote:Avon Barksdale wrote:Lady Murasaki wrote:You can't blame everything on Brexit.
Weak pound though...
I presume that's why Mr DC mentioned their income was in GBP but their costs were in USD.
Oh I see. Maybe people are travelling less?
For sure.
I think the loss of tourism to destinations they routinely serviced because of fears of terrorism hit them hard as well.
Sad news for the their workers.
Lady Murasaki wrote:Avon Barksdale wrote:Lady Murasaki wrote:You can't blame everything on Brexit.
Weak pound though...
I presume that's why Mr DC mentioned their income was in GBP but their costs were in USD.
Oh I see. Maybe people are travelling less?
Cannydc wrote:Lady Murasaki wrote:Avon Barksdale wrote:Lady Murasaki wrote:You can't blame everything on Brexit.
Weak pound though...
I presume that's why Mr DC mentioned their income was in GBP but their costs were in USD.
Oh I see. Maybe people are travelling less?
Actually they are travelling more, Monarch had a large rise in passengers, but received £100m less net income due to the slump in sterling, the night of the Brexit vote. They never recovered.
And for the idiot Guest..... Lol @ 2000+ jobs lost and 300,000 holidays down the pan, eh ?
Lady Murasaki wrote:Cannydc wrote:Lady Murasaki wrote:Avon Barksdale wrote:Lady Murasaki wrote:You can't blame everything on Brexit.
Weak pound though...
I presume that's why Mr DC mentioned their income was in GBP but their costs were in USD.
Oh I see. Maybe people are travelling less?
Actually they are travelling more, Monarch had a large rise in passengers, but received £100m less net income due to the slump in sterling, the night of the Brexit vote. They never recovered.
And for the idiot Guest..... Lol @ 2000+ jobs lost and 300,000 holidays down the pan, eh ?
Ok, it wasn't clear from your op why the business failing was due to Brexit.
Were people still travelling in large numbers to the locations Monarch go to?
Lady Murasaki wrote:Cannydc wrote:Lady Murasaki wrote:Avon Barksdale wrote:Lady Murasaki wrote:You can't blame everything on Brexit.
Weak pound though...
I presume that's why Mr DC mentioned their income was in GBP but their costs were in USD.
Oh I see. Maybe people are travelling less?
Actually they are travelling more, Monarch had a large rise in passengers, but received £100m less net income due to the slump in sterling, the night of the Brexit vote. They never recovered.
And for the idiot Guest..... Lol @ 2000+ jobs lost and 300,000 holidays down the pan, eh ?
Ok, it wasn't clear from your op why the business failing was due to Brexit.
Were people still travelling in large numbers to the locations Monarch go to?
Guest wrote:plus the CEO of Monarch gambled on the Brexit vote by not buying advanced quantities of fuel.
He guessed on a Stay result meaning the pound would rise and his fuel bill would be 10% cheaper.
He lost and his fuel bill went up by 17%.
Cannydc wrote:Lady Murasaki wrote:
Ok, it wasn't clear from your op why the business failing was due to Brexit.
Were people still travelling in large numbers to the locations Monarch go to?
In the main, yes - although it would be wrong not to mention that some of their cheap holiday deals in Turkey were less popular. However, overall customer numbers were well up.
Cannydc wrote:Lady Murasaki wrote:Avon Barksdale wrote:Lady Murasaki wrote:You can't blame everything on Brexit.
Weak pound though...
I presume that's why Mr DC mentioned their income was in GBP but their costs were in USD.
Oh I see. Maybe people are travelling less?
Actually they are travelling more, Monarch had a large rise in passengers, but received £100m less net income due to the slump in sterling, the night of the Brexit vote. They never recovered.
And for the idiot Guest..... Lol @ 2000+ jobs lost and 300,000 holidays down the pan, eh ?
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