Monarch Airlines

British short-haul carrier Monarch Airlines faced an annual loss in excess of 100 million ($133 million, 113 million euros) when it went bust, chief executive Andrew Swaffield said Tuesday.

Britain's Monarch Airlines ceased operations on Monday, forcing the authorities to initiate their biggest-ever peacetime repatriation effort to bring back tens of thousands of travellers stranded overseas. Monarch became the UK's largest carrier to go into administration, cancelling about 300,000 future bookings.

British short-haul carrier Monarch Airlines faced an annual loss in excess of 100 million ($133 million, 113 million euros) when it went bust, chief executive Andrew Swaffield said Tuesday.

Britain's Monarch Airlines ceased operations on Monday, forcing the authorities to initiate their biggest-ever peacetime repatriation effort to bring back tens of thousands of travellers stranded overseas. Monarch became the UK's largest carrier to go into administration, cancelling about 300,000 future bookings.