Monarch Collapse Triggers Air Fare Surge

Oct. 5, 2017

Have you been affected by the collapse of the UK’s fifth-biggest airline? Booking an all-inclusive package holiday or cheap flight with Monarch might not be the kind of break that appeals to you. Even if you have never donned a plastic bangle giving you unfettered access to a resort bar, Monarch’s debt-induced abdication will almost certainly increase costs for winter sun seekers.

Skyscanner, the comparison site for low-cost air fares, reports an average 23 per cent increase in the price of last-minute flights to Europe for the month of October as about 750,000 passengers whose Monarch flights have been cancelled all rush to rebook.

Read more: https://www.ft.com/content/8e26fd86-a772-11e7-93c5-648314d2c72c