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| Version 3 | Version 4 |
|---|---|
| Monarch airlines says flights operating as normal | Monarch airlines says flights operating as normal |
| (about 2 hours 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. |
| It added that a significant investment would be announced in the coming days. | It added that a significant investment would be announced in the coming days. |
| Over the weekend Monarch denied speculation that the company was going bust. | Over the weekend Monarch denied speculation that the company was going bust. |
| A spokesperson said they had no idea where the rumours were coming from but that they "were not true". | A spokesperson said they had no idea where the rumours were coming from but that they "were not true". |
| Speculation about its alleged collapse surfaced from customers on the company's Twitter feed. | Speculation about its alleged collapse surfaced from customers on the company's Twitter feed. |
| The BBC understands the company was in talks with the Civil Aviation Authority last night about its financial situation. | The BBC understands the company was in talks with the Civil Aviation Authority last night about its financial situation. |
| But on Monday, Monarch released a statement saying it expected to make more than £40m in underlying earnings by the end of its financial year in October. | But on Monday, Monarch released a statement saying it expected to make more than £40m in underlying earnings by the end of its financial year in October. |
| Atol protection | Atol protection |
| It said: "Our flights are operating as normal, carrying Monarch passengers as scheduled. | It said: "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 that refunds 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 that refunds customers if a travel firm collapses, and ensures they are not stranded. |
| Monarch's website says Atol offers consumer security "where a flight and accommodation have been booked together, some flights booked separately and applies in certain other circumstances". | Monarch's website says Atol offers consumer security "where a flight and accommodation have been booked together, some flights booked separately and applies in certain other circumstances". |
| Earlier this year Low Cost Holidays collapsed, without Atol protection, throwing the holidays of their 27,000 customers abroad into chaos. | |
| Monarch employs around 2,800 staff and is based at Luton airport. | Monarch employs around 2,800 staff and is based at Luton airport. |
| Monarch has been majority-owned by investment firm Greybull Capital since 2014, when it bought a 90% stake in the airline. Greybull also bought a division of Tata Steel this year, as well as 140 M Local convenience stores from Morrisons, which subsequently went into administration. |