Monarch airline: Interesting BBC story.

[nottinghamcity]

This is the BBC's take on a rumour that has been kicking around all day.

Budget airline Monarch says its flights are operating as normal following "negative speculation" about the firm's financial health over the weekend.

link

Looks like a fair amount of 1+1=3 going on, but the rumour itself could be damaging to the airline.

Update: the following has been posted on Monarch's blog.

Response to speculation about Monarch
Media CentrePress ReleasesSep 26, 2016
26th September, 2016

Over the weekend, there has been negative speculation about Monarch’s financial health.

Monarch is trading well and is expected to achieve an EBITDA of over £40m at the end of this financial year (October 2016). This is despite a difficult period for the holiday industry due to terrorist incidents, Brexit and the resulting devaluation of sterling.

Our flights and holidays are operating as normal, carrying Monarch customers as scheduled.

To weather tougher market conditions and to fund its ongoing growth, Monarch expects to announce a significant investment from its stakeholders in the coming days.