This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at http://www.bbc.co.uk/news/business-37469743

The article has changed 8 times. There is an RSS feed of changes available.

Version 1 Version 2
Monarch airlines says flights operating as normal Monarch airlines says flights operating as normal
(35 minutes later)
Budget airline Monarch says its flights are operating as normal following "negative speculation" about the firm's financial health over the weekend.Budget airline Monarch says its flights are operating as normal following "negative speculation" about the firm's financial health over the weekend.
Monarch said it was "trading well" despite a difficult period for the industry because of terrorist incidents, Brexit and the weak pound.Monarch said it was "trading well" despite a difficult period for the industry because of terrorist incidents, Brexit and the weak pound.
The statement added that it expected to announce a significant investment in the coming days. It added that a significant investment would be announced in the coming days.
Investment firm Greybull Capital bought a 90% stake in Monarch in 2014. Over the weekend Monarch denied speculation that the company was going bust.
Over the weekend Monarch's Twitter feed was full of speculation from customers asking whether the company was going bust. A spokesperson said they had no idea where the rumours were coming from but that there "were not true".
On Sunday a spokesperson denied those rumours, saying it had no idea where they were coming from. Speculation about its alleged collapse surfaced from customers on the company's Twitter feed.
Monarch said on Monday it expected to make more than £40m in underlying earnings by the end of its financial year in October.Monarch said on Monday it expected to make more than £40m in underlying earnings by the end of its financial year in October.
Atol protectionAtol protection
It said in a statement: "Our flights are operating as normal, carrying Monarch passengers as scheduled.It said in a statement: "Our flights are operating as normal, carrying Monarch passengers 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.""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."
The airline is protected by the Air Traffic Organisers' Licensing (Atol) scheme - a government scheme which compensates customers if a travel firm collapses, and ensures they are not stranded. The airline is protected by the Air Traffic Organisers' Licensing (Atol) scheme - a government scheme which refunds customers if a travel firm collapses, and ensures they are not stranded.
Earlier this year Low Cost Holidays collapsed, without Atol protection, leaving 27,000 customers abroad.Earlier this year Low Cost Holidays collapsed, without Atol protection, leaving 27,000 customers abroad.
Monarch employs around 2,800 staff and is based at Luton airport.Monarch employs around 2,800 staff and is based at Luton airport.
Majority owners, Greybull Capital, also bought a division of Tata Steel this year, as well as 140 M Local convenience stores from Morrisons, which subsequently went into administration. Investment firm Greybull Capital bought a 90% stake in Monarch in 2014. It also bought a division of Tata Steel this year, as well as 140 M Local convenience stores from Morrisons, which subsequently went into administration.