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Business

UK airline Monarch denies collapse rumours

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Opening sequence

Business

UK airline Monarch denies collapse rumours

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COMING UP:UK airline Monarch denies collapse rumours

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Transcript

00:00:00
>> A jittery morning Monday for travelers on UK airline Monarch. The company forced to deny rumors that it faced collapse. Monarch says flights are operating as normal and it's on track to make a profit this year. It says the rumor circulating online are baseless and it can't identify where they started.
00:00:18
But Reuters' UK correspondence Sarah Young says there are questions about the company's finances.>> In that statement, they also said that they were expecting a significant investment from stakeholders in the coming days. And they said that there had been some sort of tough market conditions which lots of airlines have said.
00:00:37
That has to do with Brexit, the devaluation of the Pound which makes it more expensive for people to go on holiday.>> Security worries also hurting. Many people staying at home following terrorist attacks across the continent, but Monarch consists none of that is enough to stop it flying.