The boss of Monarch Airlines says he is “absolutely devastated” by its collapse.<br /><br />CEO Andrew Swaffield told British media the failure of the UK’s fifth-largest carrier was because of increased competition and lower prices in Spain and Portugal. <br /><br />The grounded planes have ruined holiday plans for hundreds of thousands of tourists. <br /><br />A message on a board near a deserted check-in area gave contact information for affected customers. <br /><br />Those already abroad are being returned to the UK for no extra charge.<br />
