Monarch Airlines forecasts double-digit profit for 2014-2015

Credit: Courtesy, Monarch Airlines

UK leisure carrier Monarch Airlines is forecasting a double-digit net profit for 2014-2015 following a rapid turnaround under new 90%-owner Greybull Capital. The restructuring, which includes a £125 million ($141 million) capital injection, will see Monarch ditch long-haul flying and charters, cut...

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