All Policies Include Coronavirus Cover
Call for an instant quote 0345 90 80 161
Open Mon to Fri 09:00 - 17:30
Coronavirus FAQs
Questions about cover for coronavirus? Read our FAQs and find out what our policies can do for you. If you would like to contact us, please note we are currently only available 09:00 to 17:30 Monday to Friday due to reduced operational capacity. Thank you.
27 September 2016 08:09
Monarch Airlines has been forced to deny "negative speculation" that the firm is in financial trouble
Monarch Airlines says its flights are operating as normal amid fears the firm is in financial trouble.
The airline says it is "trading well" after speculation that the company could go bust.
Forced to respond to rumours
Responding to rumours on Twitter, Monarch denies the firm is in trouble as worried customers continue to take to social media to ask if their flights would still be running.
In a stock response, a staff member said: "We're unsure of where these rumours originated but we can confirm they are not true."
A representative for Monarch Airlines says the company expected to make £40 million before tax and other cost deductions by the end of the financial year to October, despite what it said was a "difficult period" for the travel industry following terrorist atrocities, Brexit and the plunging pound.
A spokesman said: "Over the weekend, there has been negative speculation about Monarch's financial health.
"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."
Troubled past
Monarch, which is headquartered at Luton airport, employs around 2,800 people, according to its website.
In 2014, the airline agreed a rescue deal of more than £100 million, which saw pay cuts of up to 30% for staff and hundreds of redundancies.
As part of the deal, Greybull Capital acquired 90% ownership interest in the company, with the remaining 10% passing to Monarch's defined pension scheme and ultimately the Pension Protection Fund.
The company, which was formed and opened its first hangar at Luton airport in 1968, says it will announce new investment imminently.
Travellers planning to fly should take out travel insurance to protect against delays and cancellations.
28 February 2020
From tulip-filled trips to rose-tinged rests, these destinations are the perfect way to see in the new season.
[more...]
04 January 2021
Join us on a journey to Ancient Greece to discover more about history's most revered statue.
Head north for a light show like no other. Discover how you can see the Northern Lights for yourself.
Discover more about the magnificent waterfall perched on the border of Zambia and Zimbabwe.
10 December 2020
Don't sleep on the world's most impressive dormant volcano.
A destination that stands head and shoulders above the rest.
19 November 2020
Take a tour of one of South America's most captivating natural landscapes.
Discover the hidden depths of the world's most recognisable desert gorge.
It's the question on everyone's mind right now - unfortunately, there's still no easy answer...
Discover why planes are more hygienic than you might think.
Dive into Queensland's colourful coral.
02 November 2020
With the global travel industry slowly getting back on its feet, it's a great time for holiday bargain hunters. Here are our top tips for 2021.