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Monarch CEO 'absolutely devastated' by airline's failure

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By Euronews
Monarch CEO 'absolutely devastated' by airline's failure

<p>The boss of Monarch Airlines says he is “absolutely devastated” by its collapse.</p> <p><span class="caps">CEO</span> Andrew Swaffield told British media the failure of the UK’s fifth-largest carrier was because of increased competition and lower prices in Spain and Portugal. </p> <p>The grounded planes have ruined holiday plans for hundreds of thousands of tourists. </p> <p>A message on a board near a deserted check-in area gave contact information for affected customers. </p> <p>Those already abroad are being returned to the UK for no extra charge.</p>