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Airline industry under more pressure

In an amazing development bookmaker Paddy Power has begun to take bets on which airline will be next to fall by the wayside. The well-known bookmaker has slashed the odds on Monarch, a privately owned Swiss airline, from 50/1 to 4/1 making it the favourite to fall by the wayside in the short term. However, the company has denied any financial trouble and criticised Paddy Power for running a book on the airline industry at such a critical time.

While bookmakers around the world are free to take bets on any subject or matters which they choose, there is a feeling that by focusing upon the likes of the airline industry, and Monarch in particular at this point in time, this may be making a difficult situation worse. Despite the fact that the airline has denied it is in any financial trouble many people are wondering why the odds dropped so quickly and why over 100 people have placed money on the company going under.

There is the potential for concern about the Monarch airline to become something of a self-fulfilling prophecy because obviously creditors will be monitoring the situation closely and concerned about their own exposure. Whether or not the actions of the gambling industry can or could directly influence financial markets is open to debate, but the focus at the moment is most certainly upon Monarch.

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