UK-based Monarch Group, which includes leisure carrier Monarch Airlines, expects to report a strong turnaround when it announces full-year results in early 2016. In a trading update Dec. 9, the group—which includes an in-house tour operator and an engineering division that also handles third-party work—said it anticipates underlying earnings to exceed £40 million ($60 million) before interest and tax, which would represent a £130 million turnaround compared to a ...

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