Monarch prepare to lose license.

Monarchs decision late last night to triple or even quadruple the cost of flights appears to many commentators to be a tacit admission that the British company is about to lose its ATOL licence.

The Civil Aviation Authority (CAA) did not renew its Air Travel Organiser’s Licence (ATOL), which technically expired yesterday although the airline have been extended a 24 hour grace period.

We do hope that things can be sorted out and that up to 100,000 holidaymakers don’t end up stranded.