The travel industry is finally starting to bounce back. There is no doubt about that. However, there are some airlines that have been suffering for so long that this bounce back is not happening quickly enough. As a result, these airlines are doing whatever they can to save a little extra money. This includes Monarch Airlines, which is expected to cut nearly 30 percent of its staff, which amounts to nearly 1,000 jobs. It will also likely result in the end of the airline offering long-haul flights.
However, just focusing on offering short-haul flights could prove to be difficult as well. This airline will now be forced to battle with other low-budget airlines such as easyJet and Ryanair. Both of these budget airlines have been doing well as of late and show no signs of slowing down.
No official announcements have been made by Monarch Airlines. That being said, sources that are close to the airline say that the cuts are coming. The sources, all of which wished not to be named, wouldn’t say which roles are going to be cut. However, it’s likely that both ground and cabin staff will be at risk.
When Monarch Airlines was questioned about the job cuts, it said that it has made an announcement that its management team is in the middle of conducting a review of the overall state of the airline. This includes jobs, financing and operations. Right now, the airline still has nothing to report on the outcome of this review.
Recently, the chief executive of Monarch Airlines, Andrew Swaffield, said that the carrier is in the process of changing from a charter airline to a low-cost airline that operates in Europe. The carrier wants to focus on operating very efficiently as a popular low-cost company.
Howard Wheeldon, an analyst, said that he felt the move by Monarch was a big surprise. He said that the airline is trying to enter a market that is already full. Not only that, the continuing rise of airport passenger duty in the UK is just going to further damage the airline industry. It is a sad time to be trying to enter the marketplace.
Of course, Monarch Airlines said that it has little choice. Its plans are to drop down to just two planes. It is going to be difficult to continue to offer long-haul flights with just two planes.