2017-10-02 06:36:36 UTC
This morning 110,000 Monarch Airlines passengers are stranded at 30
holiday destinations around the Med. The British government is having
to charter 30 planes to bring them home free of charge in what will be
UKs biggest-ever peacetime airlift. The government hopes, however, to
recoup some of the cost to the taxpayer from credit card companies and
other sources. The bill to the taxpayer, however, is going to be
enormous. And then there's the flights booked that will now never take
off. Plus, the almost 3,000 staff who as of this morning are
On the Today programme just now a spokesman said that one of the
reasons for the collapse was that the airline collected fares in
sterling, but had to pay costs for fuel in dollars, and we all know
how the pound has fared since the Brexit referendum.
Therefore, it is quite reasonable to ask, did Brexit cause Monarch to
collapse? Or how likely would it have been for Monarch to collapse if
there had been a Remain vote and conseiqently no fall in the value of
The Independent writes: "After 49 years of flying tens of millions of
passengers to Europe and beyond, one of the proudest names in travel
has collapsed -- costing the jobs of 2,750 staff and the holiday plans
of hundreds of thousands of travellers."
If Brexit in any way hastened the demise of this airline, well, it's
not too good an advertisement for the future, is it?
And finally, is what we're seeing now -- with Ryanair and now
Monarch -- is Osborne's predictions coming true, belatedly?
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