The joint administrators of Monarch Airlines Limited and Monarch Travel Group have confirmed that 1,858 employees across the UK have been made redundant.
The Luton-based carrier has gone into administration causing severe problems for thousands of air passengers.
1,760 were employees of Monarch Airlines lost their jobs, while 98 were employed by Monarch Travel Group.
Partner at KPMG and Joint Administrator Blair Nimmo said: "Shortly before the appointment of the Joint Administrators, all employees received an email from the Company confirming that it was about to enter administration. Following this, the absolute priority for me and my team was to try and make contact with all members of staff as soon as possible, in order that we could communicate what the administration means for them.
“Regrettably, with the business no longer able to fly, a significant number of redundancies were made.
“Over the coming days, my team will be doing all it can to assist the employees in submitting claims to the Redundancy Payments Office for monies owed.”
There have been emotional scenes at Monarch airlines HQ in Luton as staff tried struggled to come to term with the collapse of the airline.Read the full story ›
The Luton based Monarch airlines had been flying passengers to destinations across the world for almost 50 years.
The company was the UK's fifth largest air carrier and employed around 2,100 people across the airline and tour group.
So where did it all go wrong? Click below for a look back at Monarch as it touched down for a final time....
Luton Town Football Club are offering free match tickets to staff and travellers affected by the collapse of the Luton-based Monarch airlines.
In an announcement on their website, the Hatter said
"As a football club based in the heart of the community, we are always concerned to see other local businesses and their employees, many who will be Hatters supporters, suffer such misfortune"
Staff are being offered a five-match voucher so they can watch Luton Town in games at Kenilworth Road, or a family ticket (two adults, two juniors) for one game.
Customers who had tickets booked to travel with Monarch, are also being offered one match ticket in exchange per person due to travel.
For more details head to their website lutontown.co.uk
Adminstrators KPMG have told ITV News Anglia that Monarch customers remain their number one focus, after the collapse of the Luton airline.Read the full story ›
Staff at the now collapsed Monarch airlines have been arriving at the firm's headquarters at Luton airport to learn they've lost their jobs.
The carrier, which was about to mark its 50th anniversary, went into administration today triggering uncertainty for customers and a huge effort to get people already on holiday back to the UK.
Monarch employs around 2,750 UK-based staff.
The company was founded in 1968 and was the UK's fifth-largest airline.
Ministers have been accused of "sitting on their hands" while the Luton based airline Monarch went bust.Read the full story ›
Special helplines have been set up to support customers affected by the collapse of airline Monarch.Read the full story ›
Monarch customers have been forced to scramble for flights after the airline's collapse into administration disrupted holiday plans.
A Lithuanian couple on their honeymoon were among passengers who arrived at Luton Airport this morning to find their flight had been cancelled.
Vilius Linkunaitis, 31, said he and his new wife, Zivile Rakauskaite, 32, felt "stranded" and "lost" after learning they would not be able to fly. The couple, who married just days ago, had flown to London from Riga, Latvia, and were due to travel on to Malaga in Spain for the end of their honeymoon.
They said Monarch was not answering its phones. He said he had been told by airport staff to go online to find the cheapest seats on an alternative flight.
"We feel very stranded and just lost and I don't know what to do now."
Karen Patrick, from Northamptonshire, was due to fly with Monarch Airlines to Rome with relatives who are visiting from the United States.
The 53-year-old said fights with alternative operators were "going so quickly" as the group tried to work out what to do. She said: "We just could not believe it and we have our relatives who have come from America too. It's just unbelievable."
The group only discovered that travel with Monarch had been suspended when they arrived at Luton Airport. They have managed to get seats on a flight with easyJet on Tuesday and have been forced to pay for the new flights, but hope the cost will be covered by their insurance.
Ann Johnson, from Luton, said there had been a lack of information for holidaymakers. The 75-year-old, who was due to go with her husband on a one-week package holiday to Faro, Portugal, arrived at Luton airport at about 4am on Monday.
"There was no notice up - nothing. We were just walking around looking for the check-in desk. There's no actual information desk here to go and ask anyone and no-one knows what to do. There's no-one giving out food or vouchers."
The couple have been forced to pay approximately #450 for two Ryanair flights on Monday evening, including baggage, but face a twelve-hour wait at the airport before take-off.
Monarch Airlines has ceased trading with immediate effect, meaning all flights from the UK have been cancelled and will not be rescheduled.Read the full story ›