From: Mr Red - PM
Date: 02 Oct 17 - 04:51 AM

Another early bonus from post Brexit:
Monarch Airlines goes bust. They cite the weak GB Pound (their transactions are in $s, revenue in Sterling). Deniers have a get-out (in their own planet) because the reduction in traditional middle east tourism due to fears over terrorism has weakened revenue in a currently more competitive market.

Anything to support that claim about the "weak GB pound" being the cause?
Even the BBC who usually take any opportunity to lash out at Brexit only mention it in passing.
From the BBC:
What has gone wrong?
Monarch reported a loss of £291m for the year to October 2016, compared with a profit of £27m for the previous 12 months, after revenues slumped.
It had been in last-ditch talks with the CAA about renewing its licence to sell package holidays, but failed to reach a deal
Blair Nimmo, from administrator KPMG, said its collapse was a result of "depressed prices" in the short haul travel market, alongside increased fuel costs and handling charges as a result of a weak pound.
The transport secretary blamed a victim of a "price war in the Med".
However, Monarch chief executive Andrew Swaffield said the "root cause" was terrorism in Egypt and Tunisia, as well as the collapse of the market in Turkey.
He said it had been carrying 14% more passengers than last year - but for £100m less revenue.