Why did British Monarch Airlines suddenly go bankrupt?

Reasons for the bankruptcy of British Monarch Airlines: In recent years, its popular routes to Tunisia, Turkish and Egyptian destinations have been affected by the unstable regional situation and the decline of passengers. Coupled with the company's own poor management, peer price competition is increasingly fierce, leading to its continuous decline, so it went bankrupt.

Monarch Airlines is a British charter airline headquartered in Luton, England. It is the largest charter airline in Britain, covering Europe, the United States, the Caribbean, India and Africa. Mainly used for leisure travel, it also operates many scheduled flights to Mediterranean destinations, Canary Islands and Cyprus.

Luton is the main base of Monarch Airlines and its headquarters. Monarch Airlines is a subsidiary travel group. Other subsidiaries of the Tourism Group include the aircraft maintenance project of Monarch Airlines and the rest of tour operators. Only the operator Afei is the operator of direct selling. The company holds a Class A business license from the British Civil Aviation Authority, which allows it to carry 20 or more passenger planes and cargo planes.

Name of Air Company: Monarch Airlines

Name of airline: Monarch Airlines

Country: United Kingdom

Two-word code: ZB

Vehicle fleet: 3 1+6 reservation

Date of establishment: 1967

Main airports: Manchester Airport Luton Airport London Gatwick Airport Birmingham International Airport.

Navigable cities: more than 100 in the world.