The joint administrators of Monarch Airlines and Monarch Travel Group have this afternoon confirmed that some 1,858 employees have been made redundant.
Of these, 1,760 were employees of Monarch Airlines, while 98 were employed by Monarch Travel Group.
Mr Swaffield said the decision not to continue trading was made on Saturday night after estimating that losses for 2018 would be “well over £100m”.
He told the BBC’s Today programme that Monday was a “heartbreaking day”.
