why did monarch fail? that isa million. why did monarch fail? and there will be plenty of opportunity to debate why events today have happened. at cia our sole focus will be on bringing home customers who are currently overseas and that will be absolutely out priority. are you in contact with the head of monarch and the board of monarch and liaising with them? kpmg have been appointed administrators of monarch so it is they who are now in charge of the company and we will be working closely with them over the coming days to make sure we have the information required to help us with the flying programme that we will be running for the next two weeks. some people have described the shorthaul flight people have described the shorthaul flight business is a bloodbath, especially with the terrorism attacks. is that partly the reason why monarch failed? that is a good question and there will be lots of debate as to why monarch has gone into administration this morning. our sole focus of the next two weeks is going to be an flying programme on bringing h

monarch jo monarch have beenin -- unclear.hile monarch have been in trouble —— gripe. but there was still hope that they would solve this financial problems. the reason they've gone into administration is because they no longer think they are financially viable because they've had problems with not doing as many flights to turkey and egypt because of the terrorist attacks there. also the fact that there's a of people trying to spain, what's happened in the currency markets. there will be people saying how come they took my booking two days ago when they knew about this, and that was because there was still a chance they could still come through this. we are hopefully due to speak to the minister age is shortly so hopefully we can get answers to those questions. anyone due to fly then get in touch with us because we would love to talk to you. the government of catalonia says 90% of those who voted in yesterday's banned referendum backed breaking away from spain. the spanish government insists the poll was illegal. catalan offic

and of course monarch isn't the only airline this year to. be an evelyn also folded so do we have to brace a wall such bankruptcies you know market analyst neil wilson from x. capital in london outlines what's ailing the industry. well there are i mean monarch had its own unique problems i think its legacy sort of charter flight business it didn't really know where it was it didn't know if it was a package tour operator or not and it's been suffering from actual problems for a while and it's been bailed out a couple times in the last three years so the writing was on the wall one out maybe maybe a while ago other airlines there are there's no shortage of companies that are making making losses are struggling to make a profit we've seen restructuring and poland rimini and maybe hitting hitting their lines their flight the any case one that has made one profit in the last twenty ten otherwise made a loss i mean there are lines that just struggling because prices are just too low at the moment. he drives a b.m.w. s.u.v. in the united states it's

monarch airlines goes bust. more than 100,000 customers are currently overseas as the uk government orders rescue flights to bring them home. live from london, that's our top story on monday, 2nd october. as the airline collapses into administration, people due to fly with monarch are being told not to go to the airport. all future services are cancelled. we'll hear from the administrator and look at what happens next for passengers and staff. also in the programme, catalan leaders say 90% of voters backed separation from spain. but the government in madrid says the referendum was illegal. we'll assess what's next for the spanish region that wants independence. and the unrest in spain yesterday and heavy—handed tactics from authorities likely to shake investor confidence in spain. the spanish market 0.75%. getting brazil back on track. once the emerging economy to watch — brazil has been mired in recession and scandal. so what can it do to win back investors? we'll ask the head of the country's investment agency

s monarch is grounded leaving one hundred thousand passengers stranded around the world. and u s president on a trump is threatening foreign companies with import tariffs in a bid to preserve u.s. jobs but foreign companies like b.m.w. who are providing jobs there are also in danger we'll tell you why. welcome to your business i want to get germans in berlin while spanish stocks sank today as investors try to gauge the political consequences from sunday's independence vote in catalonia madrid says the vote was illegal but after the brutal crackdown by spanish police support for the government in madrid is crumbling and worries about spain's economy are rising. by the close of monday's session on the madrid stock exchange the country's benchmark index had dropped one and a half percent wiping out gains made over the previous week many traders fear that uncertainty over the fate of catalonia will lead to further declines in this climate vestas buying spanish government bonds may want higher yields which up one point seven percent on ten year bonds the highest in many months

as monarch is grounded leaving one hundred thousand passengers stranded around the world and south carolina is trump country yet people their own posts the president's ideas on trade we'll tell you why. this is a business i'm christopher. welcome stocks retreated and spanish boring costs went up on monday as investors were trying to evaluate the political consequences of the catalonia independence after sunday's brutal scenes confidence and prime minister marianna government has taken a hit and worries about europe's fifth largest economy a growing. before the close of monday's session on the madrid stock exchange the country's benchmark index had dropped as much as one point six percent wiping out gains made over the previous week many traders fear that uncertainty over the fate of catalonia will lead to further declines in this climate vestas buying spanish government bonds may want high yields which up one point seven percent on ten year bonds the highest in many months the common european currency also fell slightly the euro has fallen below one dollar eighteen cents losing nearly a cen

s monarch is grounded leaving one hundred thousand passengers stranded around the world. this is eat up your business i'm going to have office the conflict catalonia secessionist ambitions escalated at the weekend council and self deception won the day spanish prime minister mariano ahoy assured the nation that there have been no referendum but after sunday's brutal scenes support for his government is crumbling and worries about spain's economy are rising. on the madrid stock exchange share prices continue to slide more than one hundred points shed since the market opened a fall of more than one percent many traders fear that uncertainty about the fate of catalonia will lead to further falls in this climate investors buying spanish government bonds may want higher interest the country now has to pay almost one point seven percent interest on ten year bonds the highest in many months the common european currency also fell slightly if the euro's fallen below one point one eight u.s. dollars losing nearly a cent i'm guarding we've just overcome the euro crisis so calls for

the low—cost travel company, monarch has been granted a 24—hour extension to its license to sell packages. it means travellers who book with the firm until midnight tonight will be covered for their trips. the airline is understood to be in talks to sell part or all of its short—haul operation, as marc ashdown reports. it's probably the most important bit of small print in any holiday package deal. atol protected. the government scheme which ensures that if a travel operator goes bust you get a refund if you have booked ahead. if you are already abroad, you can get home. for 1,300 operators, it is a licence which is routinely renewed every year by the civil aviation authority. not so for monarch, which last night saw its atol licence extended forjust 2a hours due to concerns over its finances. air travel organisers' licence is not actually necessary for a lot of the flying that monarch does, however it is very symbolic. and if the civil aviation authority isn't convinced about an airline's finances enough to renew its atol, that sends an immediate signal to prospective passengers — do we

by now it looks as though the monarch package business is the latest victim of that. to become independent from spain in a controversial referendum which was not sanction by the spanish government. according to catalan leaders 90 percent of voters wanted a separation. but it's reported there was only a 40% turnout. the spanish prime minister says the referendum didn't happen, more on that in a moment. as well as a distinct history dating back almost 1,000 years, economic forces have also spurred the desire for independence in the region. it is one of spain's wealthiest regions, making up 16% of the national population and accounting for almost 19% of spanish gdp. but there is a widespread feeling that the central government takes much more than it gives back. according to 2014 figures, catalonia paid 9.89bn euros more into spain's tax authorities than it received in spending — the equivalent of 5% of its gdp. meanwhile, state investment in catalonia has dropped: in 2003 the national budget allocated roughly 16% of investment to catalonia but by 2015 that had dropped t

passengers who are currently on holiday with monarch to come back to the carrier within the next two weeks that that's exactly what is expected. britain's fifth biggest airline had struggled with losses but had hoped to turn things around with orders for boeing's latest seven three seven planes and a cost cutting program bankruptcy rumors swirled last year but then monarch was able to draw a new line of credit but now that's gone and so is the airline with a decision really was otoh for continued losses losses been sustained for quite some time forecast to continue mainly as a result of prices in the market overcapacity in the short haul market is meant pace had been depressed for some time in britain's transport minister says other airlines have plans to quickly hire monarch staff but that's little consolation for the three hundred thousand people who held tickets to fly on monarch they won't be going anywhere. it will start to monday's trading session on wall street the new york stock exchange observed a moment of silence for the victims of sunday night's las vegas shooting shortly

so a lot of uncertainty for monarch's 2.5 thousand employees. 100,000 people have bookings with monarchackage holiday part of the business. 10,000 of those we think our overseas at the moment. this relates to the package pa rt moment. this relates to the package part of monarch, which is relatively small. the wok at the wider in fact be on all of monarch's customers? small. the wok at the wider in fact be on all of monarch's customer57m is about 5% of their business. but i think if you were to have the package side of the business going under, there would be a lack of confidence in the rest of the business and a lot of uncertainty for that much bigger part of monarch's business, which is basically seats on flights. at the moment, there is a lot of expectation that rescue action is under way. it might be organised by the civil aviation authority to bring in other airlines to fly out those passengers stranded overseas. i should say if you booked a holiday with monarch, you are away at the moment, you will be covered, and you will get your money back, if you have not been under holiday yet

flying that monarch does, however, it is very symbolic. and if the civil aviation authority isn't convinced about an airline's finances enough to renew its atol, that sends an immediate signal to prospective passengers. do we really want to book with this airline? and, more immediately, to suppliers, who will say, we will not give you credit for a tank full of fuel, we need cash. for now monarch can still sell package deals and flights, but looking at its website, some prices have quadrupled overnight. look this one from london gatwick to barcelona. yesterday it was just £30. today it's gone up to £132. and with some competitors still selling seats at dirt cheap prices, monarch is in effect pricing itself out of selling any more tickets. monarch may have been around since the 1960s, but it's a small player in an increasingly squeezed short—haul market. due to terrorism and government warnings, there are fewer holidays to egypt and turkey, which were key monarch routes. the weak pound continues to shrink profits, and a crowded market with t

this time with girona. —— monarch. earth is going on. this time with girona. -- monarch. can sell package holidays today is a bit of a red herring. as far as i can see, they are not selling anything today. not necessarily because people are not confident it will not be flying next week, next year, but because overnight they have quadrupled prices. i was checking last night. you could go almost anywhere for £32 from leeds, bradford, manchester, birmingham and would —— gatwick and they have all gone up by at least £100 and the only thing i can infer is they do not want to sell any tickets today because that would increase exposure if the worst happened and the airline shuts down. as simon said in his report, everything is going normally today. the good news is people are unpacking in places in spain, portugal, italy and greece after flying out this spain, portugal, italy and greece afterflying out this morning. people are boarding flights to come back as scheduled. everything is fine today but i cannot speculate if it will be ok tomorrow. more generally, what are monarch's

m between brexit and the front of the ft, the collapse of monarch?at it from a sector perspective monarch is not the only ailing airline within the low—cost industry. dft points out that alitalia have also run into extreme trouble. —— the ft. brexit has battered the pound, we are still down 10% against the dollar which has done nothing for confidence. confidence is reflected very much in leisure industries like travel. and fuel costs and everything else that can be affected if the pound is weaker. the price of oil, exactly. it is not a far stretch but there we re it is not a far stretch but there were clearly internal problems monarch was facing, they had exposure to destinations like egypt, turkey and tunisia, and then the price war in the mediterranean, tourists who were pivoting away from places like egypt and tunisia and turkey, going to be mediterranean, to spain, portugal instead, and of course, monarch is a relative minnow compared to people like easyjet and ryanair. i was surprised it was the country's fifth largest airline. the first aeropla

in cambridge, monarch employees gathered to share... their sorrows. there were a lot of tears this morning. it was very emotional at the administrators' meeting this morning. but, yes, it's one very big family. 110,000 passengers stranded abroad started arriving home today on specially chartered planes, in peacetime‘s biggest repatriation, paid for by the government. what is the upfront cost? we won't know, until the process is over, exactly what the cost of doing this is. we're hiring aircraft. we're seeking to recover money through travel agents, through banks and credit card firms. but my priority right now, today, is not the money. it's actually the people who are stranded. so what went wrong? some of monarch's most popular routes were hit by terror attacks in egypt and turkey. that led to intense competition for the rest of the med, and monarch's small size was a handicap, as was the referendum result. company sources tell me the brexit vote had two important consequences. first, the regulatory uncertainty in the aviation industry

monarch also needed a temporary licence last year.rs already out of the could be affected. the civil aviation authority is thought to be working on backup plans, using other airlines for the return leg. it says it will provide daily updates. the airline says it continues to work on its future on flights operating as normal. let's get more on this now with our business correspondentjoe lynam. after days of uncertainty over ryanair, now monarch, thousands of customers not sure what is going on. 10,000 monarch customers out on package holidays as we speak. they are fine, they are protected by atol. if for whatever reason the atol. if for whatever reason the atol license which is a prediction for package holidays is not renewed, then the airline can no longer sell any more of those package holidays but it might mean that either the airline that continues training or other airlines would have to bring those 10,000 customers home because they are protected by the regulator of that scheme. there is a wider issue and that is there is intense

why did monarch airlines collapse? is it all the fault of the b word?s is a sign of brexit beginning to bite. and is the government ignoring local democracy when it comes to fracking for shale gas? every level of local government had turned down a fracking application. but first... when mps returned to westminster after their three—week conference break, the battle over the unfolding of brexit was soon resumed. days before the prime minister endured her trouble—hit speech at the conservative party conference, she'd been in italy, addressing european leaders in florence. there, theresa may set out the government's aims and objectives as the uk goes through the lengthy negotiating process for eu departure. the prime minister expressed enthusiasm for a friendly and wide—ranging future partnership between an independent uk and the remaining eu. back at westminster, mrs may received a warm reception from mps. statement, the prime miniuster. mr speaker, a new deep and special partnership between a sovereign united kingdom and a strong and successful european

so there are big questions about what happens in a fast changing either, are very different monarch onalongkorn has ta ken on the throne, king maha vajiralongkorn has taken the throne in his 605. he's a very different personality, we are not free to talk about him here because of these laws but it will be a very different monarch. he's made it clear he wants to be an active monarch and have a significant influence on political develop mint and i think people recognise this is a historic turning point for the country. there is any of some anxiety and uncertainty about what will happen thailand now. thanks for the update, we have to leave it there are now. jonathan will be back for more on the funeral possession later on. herve lemahieu is a research fellow from think tank the lowy in5titute for international policy — hejoins me now from sydney. thank you so much forjoining u5, tell us, how did the late king achieve the power that he did both politically and also in the hearts of the people? you are right, it is a double achievement because when he came to power, when he took the throne

the uk's fifth—largest airline, monarch, has gone into administration. about the compa ny‘s finances. all flights had been concerns about the company's finances. all flights have been cancelled and will not be rescheduled. a programme has been launched to bring 110,000 monarch airline customers back to the uk. we'll be following that story in the coming hours. stay with us. hello there. we had some warmer air for a while on sunday, 20.5 degrees in herefordshire. but we're not going to see those sort of temperatures for a while, because there is air coming down as the wind changes direction to a north—westerly. winds a feature of the weather already. they have been strengthening around the base of the deep area of low pressure that is close to scotland. not only are we seeing the winds picking up, but blowing a whole host of heavy, squally showers, too. wind gusts could be an issue in the morning. possibly some travel disruption, 50 mph gusts around the pennines and perhaps even 60 mph up into scotland. some quite windy weather in the morning in particula

as bears we re monarch tried to survive.re was simply nowhere for monarch to go. it could not cut costs or increase its fleet. u nfortu nately, not cut costs or increase its fleet. unfortunately, the aim we have seen today was almost inevitable. unfortunately, the aim we have seen today was almost inevitablem unfortunately, the aim we have seen today was almost inevitable. it is only days since ryanair amounts mathcad relations but as the cancellations. people are wondering what is happening in the skies above their heads. —— ryanair announced mass cancellations. bbc travel show presenter simon calder is with me. people who are already abroad need not worry too much was that they will get back. it is very stressful when you find out in a foreign country that your airline has gone bust. i have just country that your airline has gone bust. i havejust come back from country that your airline has gone bust. i have just come back from the civil aviation authority headquarters. they have a kind of war room where they are setting u

first reinach, now monarch. how worried should monarch customers be?ling today should not be worried at all. the first wave of flights is already up in the air, a fly from all over the uk to spain, portugal greece and beyond. the airline is still selling seats. however, something really odd has happened overnight. last night i was checking fares and i was finding manchester does .com, birmingham to barcelona, £52 return to the project again this morning and the fares had risen to £250, the sorts of level at which an airline is not expecting to sell many beats. that is a big question mark. either monarch does not want to sell seeds or perhaps it is being told to. i simply do not know. looking forward, of course, there are hundreds of thousands of people with advance bookings. there are also 2500 monarch staff who are uncertain about what is happening. here we are going, exactly one year ago we were talking about the same subject when they were given a last—minute reprieve by the civil aviation authority. i would like to say i know what is going to happe

passengers who are currently on holiday with monarch to come back to within the next two weeks that that's exactly what is expected. britain's fifth biggest airline had struggled with losses but had hoped to turn things around with orders for boeing's latest seven three seven planes and a cost cutting program bankruptcy rumors swirled last year but then monarch was able to draw a new line of credit but now that's gone and so is the airline with a decision really was otoh for continued losses loss has been sustained for quite some time forecast to continue mainly as a result of places in the market overcapacity in the short haul market is meant pace have been depressed for some time in britain's transport minister says other airlines have plans to quickly hire monarch staff but that's little consolation for the three hundred thousand people who held tickets to fly on monarch they won't be going anywhere. it was a solid start to monday's trading session on wall street the new york stock exchange observed a moment of silence for the victims of sunday night's las vegas shooting shortly

airlines warned not to profit from monarch. it seems that, ryanairand profit from monarch.nair and others profit from monarch. it seems that, ryanair and others have been accused of raising their prices. that is more of an algorithm issue in terms of how these prices fluctuate in terms of demand. think that the instinct when you have an incident like this where hundreds of thousands of people are in danger of having their holiday plans disrupted or might urgently need to visit a sick relative or something of that sort, and i think it is natural to want to step in and try to make the process as easy for them as possible. one of the things ifind them as possible. one of the things i find striking about this suggestion, that the government is discouraging other airlines from trying to raise their prices is is that going to make it harderfor people to get where they are going, it you are losing a market mechanism to try to meet around some of the more limited supply of airline seat that will be available now, so i think this is conflict between wanting to give a hand to people

this is the monarch headquarters here.2100 people, many of them here in luton and within the last half an hour or so they have been turning up for work. frankly, they are going to be getting bad news, the administrators, kpmg are inside the building. they are wanting to speak to individuals face—to—face, but we understand that the majority of those 2100 people are going to be losing theirjobs. let's get on to the passengers. 110,000 monarch passengers currently overseas are now in the process of being repatriated back to the united kingdom. that is an operation being led by the civil aviation authority. they've chartered 30 planes in from other airlines to do that. a massive operation that's going to take several weeks and on top of that, you've got 300,000 future bookings which involve some 700,000 individual tickets and basically those people are being told don't go to the airport. you're not flying with monarch and people, i think, are going to struggle to get their money back. they're not going to get it back from the

monarch.future flights. the conservatives party conference has been dominated by headlines about division and splits. we will speak to the prime minister, theresa may, about her vision for the country, now and after brexit. lady antebellum produced their most personal album so far. they will be here later to tell us why. here is a summary of this morning's main stories from bbc news: police in the united states say they have recovered a large quantity of weapons and explosives from the home of a man who carried out a mass shooting in las vegas. but they admit they are no nearer to discovering the motive of the gunman, stephen paddock. it has emerged that his father was a notorious bank robber who was once one of the fbi's most wanted men. the death toll has now reached 59, with more than 500 others injured. detectives are combing through evidence to uncover the motive behind the shooting, and any other pertinent information that will help shed light on this horrible event. we have recovered 23

monarch is the third european airline making its financial crash landing this year. correspondent: it was a familiar site at british airports for 50 years. but that has changed overnight. the demise of monarch airlines was announced in an early morning online message from britain's aviation authority. passengers were left without a flight home, many stranded and destinations in the mediterranean. the government is planning to bring them home in the biggest ever peacetime repatriation. >> the hundred thousand passengers will come back to the u.k. within the next two weeks. correspondent: britain's 5th biggest airline has struggled with losses but hoped to turn things around with a cost-cutting program. bankruptcy rumors swirled and monarch got a of credit but now that it's gone and so is the airline -- that is gone and so is the airline. >> overcapacity in the market h as been for some time. correspondent: other british airline say they will hire monarch staff but that is little consolation for the passengers, they are not going anywhere. >> today on wall street, they

britain's transport minister says other airlines have plans to quickly hire a monarch stuff. but that's little consolation for the three hundred thousand people who helped tickets to fly a monarch. they won't be going anywhere. and now an overview of other major topics the federation of german industries has borne german companies in britain to prepare for a heartbreaks it not doing so would be quite naive since the negotiations so far have made very little progress. they say to reason mais government lacks a clear policy and if britain leaves the e.u. without proper plans in place that we devastating consequences for everyone involved britain is germany's biggest european export market for cars b.m.w. operates many plants in the country. inflation is again on the rise in turkey state officials say the annualized rate rose to eleven point two percent in september and it could climb further according to analysts rising exports and fiscal stimulus a feast of the turkish economy which is lifted consumer spending that means upward pressure on the cost of goods president said in a

if you need more information on monarch, you can find it on the bbc news website.vegas — at least 58 people killed, over 500 have been injured. in the next half of the programme, we are going to turn to the issue of gun control, which has been discussed widely, not just control, which has been discussed widely, notjust in the us but around the world amongst people following the story. and questions about how gun control works in the us, anthony zurcher will be live from the newsroom in washington, send questions his way. i will speak to you in a couple of minutes. if you are jetting off over the next few days, always worth knowing what the weather was doing, time for our look at weather around the world, starting with the north american continent, and the weather is looking good across eastern canada, new england, the great lakes, all the way down to atlanta. lots of sunshine, high pressure here, fine weather for the big apple, sunshine, high pressure here, fine weatherfor the big apple, lots sunshine, high pressure here, fine weather for the big apple, lots of aut

what is the timetable for monarch?ttle chance of being able to sell the whole business and therefore the effo rts whole business and therefore the efforts in the next few weeks will be to see if anybody is interested in any material part of it. depending on how that plays out, it will depend on how it moves on for the employees and the rest of the business. not all the company has gone into administration. the engineering business continues as normal. that has not been affected. there is no interest in that space. there is no interest in that space. the tour group and the airline business, and a number of related businesses, but these are the main businesses. if you have booked a holiday you are entitled to compensation and a refund. but if you bought a flight it is less certain. what do you say to people concerned about not getting their money back? the best way to look into that is by accessing either the kpmg website or civil aviation website which goes into detail on customer arrangements. website which goes into d

an air travel organiser‘s licence is not actually necessary for a lot of the flying that monarch doesan airline's finances enough to renew its atol, that sends an immediate signal to prospective passengers. do we really want to book with this airline? and, more immediately, to suppliers, who will say, we will not give you credit for a tank full of fuel, we need cash. for now monarch can still sell package deals and flights, but looking at its website, some prices have quadrupled overnight. look this one from london gatwick to barcelona. yesterday it was just £30. today it's gone up to £132. and with some competitors still selling seats at dirt cheap prices, monarch is in effect pricing itself out of selling any more tickets. monarch may have been around since the 1960s, but it's a small player in an increasingly squeezed short—haul market. due to terrorism and government warnings, there are fewer holidays to egypt and turkey, which were key monarch routes. the weak pound continues to shrink profits,

passengers who are currently on holiday with monarch to come back to the u.k. within the next two weeks out that's exactly what is expected britain's fifth biggest airline had struggled with losses but hope to turn things around with orders for boeing's latest seven three seven planes and a cost cutting program bankruptcy remus worlds last year but there monaco is able to draw a new line of credit now that it's gone so is the airline. where the decision really was a result of continued losses losses been sustained for quite some time forecast to continue mainly as a result of depressed prices in the market overcapacity in the short haul market has meant price of been depressed for some time in. britain's transport minister says other lines have plans to quickly hire a monarch stuff. but that's little consolation for the three hundred thousand people who helped tickets to fly a monarch. they won't be going anywhere. and now an overview of other major topics the federation of german industries has borne german companies in britain to prepare for a heartbreaks it

hard to say, especially thailand is a constitutional monarch and the monarch has a similar role to thatritain or other constitutional monarchs in europe. but because of the authority the monarchy has there are power relationships at the top which are very important for the country, all the big business families aligning themselves closely with the monarchy. the monarch ‘s approval can be decisive. the new king making it clear he wants to exert more obvious power over the shape of things like the constitution, potentially a great deal more power in the monarchy. the monarchy has angered a network of businesses, the military elite and the bureaucratic elite and people have used it to a range they are sitting and it has kept the political and social system as it is. although it is not written down in the constitution it's essential institution and the way the army has organised this elaborate cremation ceremony they are making it clear they want the monarchy to the main centre stage. and we will have continuing coverage, thank you very much for joining us. let's stay with forthcoming event

monarch also needed a temporary licence last year. of the could be affected. the civil aviation authority is thought to be working on backup plans, using other airlines for the return leg. it says it will provide daily updates. the airline says it continues to work on its future and flights are operating as normal. let us take you back to spain now. they have declared it illegal, they have sent in riot police to stop voting going on. let's speak to ernest mendoza, he's at a school where his children go and is one of the parents protecting their polling station just north of barcelona. he's stayed there all night. tell us what is going on there right now. at the moment in the school where i am, people of voting, you can see but i do, everyone is motoring and there are massive queues of people waiting to vote. we have had information in the last minute that there are some police taking ballads is another part of our city and we are prepared to not allow them to take the ballot. just by opposing against them seizing the ballots. the scho

monarch as a company is a real family company.ody who works there is just amazing, and real family company. everybody who works there isjust amazing, and i will miss it so much. if you could control it it would be different, but we can't control anything. control it it would be different, but we can't control anything! former managing director who left several years ago explained what he thought had gone wrong as monarch tried to survive. so as fares were coming irrevocably down by as much as 20% this year, there was simply no warfor monarch to as 20% this year, there was simply no war for monarch to go. it couldn't cut its costs or increase its fleet, and unfortunately the end we have seen today was practically almost inevitable. it's only days since ryanair announced almost inevitable. it's only days since rya nair announced mass cancellations. now another airline has actually gone bust. it leaves people wondering what's happening in the skies above their heads. more on our main story, the mass shooting in las vegas which has le

the uk's fifth biggest airline, monarch, has collapsed.dreds of thousands of customers lose their holidays and flights. and in spain, firefighters protest against police violence after a referendum on independence for the region of catalonia. and coming up in sportsday on bbc news... more injury concerns for england ahead of this week's world cup qualifier — both fabian delph and philjones sat out training today and require further medical assessment. good evening, and welcome to the bbc news at six. at least 58 people have died and some 515 have been injured in a mass shooting in las vegas. the gunman, stephen paddock, was a 64—year—old white man living in a retirement village and unknown to the police. the shooting broke out during an open air music festival attended by thousands of people. shortly after 10:00pm local time, hundreds of bullets rained down on the festival goers from the mandalay bay hotel, as paddock opened fire from his room on the 32nd floor. people ran for cover in panic, some were crushed in the stampede. by the time

monarch isn‘t alone. intense competition in europe‘s crowded skies. theo leggett, bbc news. our top story this lunchtime. police in las vegas say they still don‘t know what drove a retired accountant to carry out the worst mass shooting in modern american history. and still to come... dig out your old pound coins — because in less than two weeks they‘ll no longer be legal tender. and in the sport in the next 15 minutes on bbc news — avon and somerset police say they are not expecting any significant developments in the ben stokes case for two to three weeks. he was arrested following a brawl outside of a bristol nightclub. huge crowds have gathered in barcelona to demonstrate against the government crackdown on sunday, when police tried to stop people voting in a referendum on independence for catalonia. a general strike is being held across the region — schools and shops have closed, and only a quarter of buses and trains were running during the rush hour in barcelona, causing gridlock. our correspondent

sunday telegraph focused on monica airlines facing a fight for its future. —— monarch.. yes, just as they were last time last year, the licence comes up at the same time every year, they have the same issues. i do not think they got it fixed last year, they survive. it is not seem a sustainable model to be having a crisis every year. if you are putting a holiday with monarch, you might want to think the 30th of september is not the data you want to be brought with them. the travel companies finding it harder and harder to compete in some ways, an incredibly competitive market.|j suspect those of volatility in u pta ke suspect those of volatility in uptake at the moment, sometimes you are very busy and sometimes you are not and that makes it very difficult to know on your right when the pilots on when the nod. the business model starts to rock when there is so model starts to rock when there is so much uncertainty. monarch acolytes, not as big as ryanair, not acolytes, not as big as ryanair, not a bigger worry and they are mainly long haul, aren‘t they? a bigger worry an

the end of an airline the british carrier monarch has gone belly up. canceling three hundred thousand of its future bookings and leaving a hundred and ten thousand of its customers stranded abroad with no return ticket. some passengers were ready to head home when suddenly their airline was no o long. absolutely because says six hundred pounds is a lot of money supply at and then not know whether we're going to get by. the head of the uk's civil aviation authority said. taking over the reins to get vacationers back home in what is the uk's biggest repatriation since a war to. we expect the past and the vast majority of the hundred and ten thousand monarch. passengers who account on holiday with my neck i'm set to come back to the k. within the next. at two weeks that's that's exactly what is expected. the agency said this i is te biggest uk airline failure ever. some two thousand monarch employees risk losing their jobs and they're also more than thirty aircraft to fly back to the uk. despite in influx of capital in recent years the airline it continue

monarch isn't alone.ings, victims of intense competition in europe's crowded skies. theo leggett, bbc news. while the focus in the mainland us is on las vegas right now, the american territory of puerto rico is still struggling with the devastating effects of hurricane maria. president trump is due to arrive in puerto rico in the next hour, after he sharply criticised the mayor of sanjuan for her poor leadership at the weekend. she had urged a faster response to the crisis, saying people are dying. 0ur north america correspondent, aleem maqbool, is in puerto rician capital sanjuan ahead of the visit by president trump. there has been something of a war of words amid all of the destruction and the chaos there in puerto rico. no question about it. there's been a lot of criticism of donald trump and his administration on what many people here feel was a very slow response. there are around 10,000 american military and emergency personnel here now. this is of course a us territory. but it took awhile to get g

monarch is grounded. direct is trading higher. is an expectation that -- higher.is trading a the downside, you have bunch of spanish banks that are weak this morning. you can see that. the pain we felt this morning. we are seeing impact coming through and spanish banks are down 2%. some of the smaller banks down 3% or 4%. the weakness is coming into the market this morning. bonds are part of this story. you see this spread widening. the spanish government bonds versus the german government bonds. there is a ripple affect coming through in bcp's. they are widening out over bunds, as well. this follows the referendum in catalonia that was marred by violence over the weekend and is unresolved in terms of what it will mean. let's talk about what the risk means for various asset classes. how does the market react to a referendum that is unofficial, margaret white quite a lot of violent -- marred by quite a lot of violence and is still inconclusive? how do i price that in? does the euro price it in? guest: as far as the violence aspect,

really interesting to touch on the word is, as it were, of monarch airlines.ell competitors not to use this as a chance to make a fast buck. don't whack your airfare is so high. with monica being taken out of the market there are 6 million less seats to fill. —— monarch. chris grayling has been warning airlines not to artificially hiked prices. u nfortu nately not to artificially hiked prices. unfortunately this is what is happening in there have been a lot of complaints. a lot of newspapers in the uk had been reporting on that. what about the airlines themselves, the airline stock? it gives about 6 million extra passengers will somebody else hopefully to mop up. that looks like thatis hopefully to mop up. that looks like that is what investors are focusing on when it comes to easyjet and ryanairairfares. on when it comes to easyjet and ryanair airfares. the winners are easyj et, ryanair airfares. the winners are easyjet, ryanair, ryanair airfares. the winners are easyjet, rya nair, even ryanair airfares. the winners are easyjet, ryanair, even iag, the owner o

monarch isn't alone. proceedings, victims of intense competition in europe's crowded skies. theo leggett, bbc news. huge crowds have gathered in barcelona to demonstrate against the government crackdown on sunday, when police tried to stop people voting in a referendum on independence for catalonia. a general strike is being held across the region; schools and shops have closed, and only a quarter of buses and trains were running during the rush hour in barcelona, causing gridlock. gavin lee reports from barcelona. the streets of barcelona today — working life on hold, thousands of catalans united behind the new momentum for independence, and against the violence of spanish police in sunday's banned vote. shutters down, shops shut. a region—wide strike affecting public transport, the city's museums and monuments. barcelona football club too, all closed. this is the biggest demonstration in many years. in the whole of catalonia and barcelona, we are defending our right, our legal rights and civil rights. a

to saudi monarch to russia ever. king said man i should say himself i actually visited russia before so this is not his first visit but i visit in a different capacity when he was in charge of riyadh so it is a historical visit factually and you know but that we should be we should differentiate like from this be an historic and been successful that whole that's a whole different thing i guess simply. doesn't mean that it's necessarily going to be a success successful because i think there are challenges. such as actually this is like. the gulf crisis is many things that list that you just gave there is that the reason that this visit is happening because there are so many important things to talk about absolutely i think this is at the top of the interest of saudi arabia and russia at the moment is that to make such a historic visit so we should expect. the discussing first of all bilateral relations because they the two countries share very important. things in the market particularly the old market stabilizing the