Three European airlines have gone belly up since August. "It's likely you're going to see more consolidation and more failures in the European market." Byde said terror fears forced Monarch to shift some flights to crowded routes where it failed to gain an edge. Related: Monarch customers are angry and confusedDeirdre Hutton, chair of the U.K.'s Civil Aviation Authority (CAA), said that she's not concerned about other British airlines folding. Meanwhile, Hutton's CAA is responsible for bringing back Monarch's stranded customers to the U.K. over the next two weeks.

Source: CNN October 02, 2017 13:18 UTC