News and Press Releases
Monarch has returned strongly to profit in its first full year of trading under new ownership. The Group expects underlying earnings for the year to 31 October 2015 to be in excess of £40m before interest and tax (EBIT).
Monarch has completed the final phase of the restructuring programme begun last year and has created a revitalized, entirely scheduled network of destinations for discerning leisure customers.
Monarch’s tour operating division has announced that Richard Francis will take up the position of Managing Director succeeding Phil Boggon who will leave the business at the end of April.
The Monarch Group announces that Ian Bartholomew has been appointed as Managing Director of Monarch Aircraft Engineering Limited (MAEL), the Group’s aircraft maintenance division.
Monarch Group, the European leisure airline, expects to return to profit this year having hit all its targets on revenue and costs in the first 100 days trading since a major restructuring last year. The company is well on course to create a new, European short-haul leisure network which better serves the needs of its customers.