Flight companies have been accused of cashing in on the Monarch collapse by increasing flight prices by the minute as desperate passengers struggle to rebook flights. At least 300,000 future bookings worth £60 million (US$79.7 million) and involving up 750,000 customers have also been axed – leaving many out of pocket and left to pay hiked-up prices from rivals to save their holidays. Meanwhile rival airlines are looking to take advantage of the collapse by boosting their own workforce or snapping up some of the choice flight slots now available. EasyJet is set to hold a recruitment day for Monarch staff and Ryanair will be eyeing pilots to deal with its own cancellation crisis.
Airlines denied cashing-in. A spokesperson from EasyJet said: “Fares on many routes were available from around £50 (US$66.41) this morning and due to sharply increased demand many flights for this week have now sold out.”
Full Content: Daily Mail
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