Monarch have been granted another 24 hrs stay of execution.
Their position is far more perilous than Ryanair - I have never used them as their flights from Manchester were around midnight, getting you to a resort at 2 - 4am. Totally useless.
No scheduled departures depart Manchester Airport between 22:00 and 06:00, occasional charter services operate just outside those hours. This is due to conditions on the operational hours of runway 2. In May I arrived back in Manchester on a Monarch flight at around 21:30 and terminal 2 check in was completely closed.
Like any other airline Monarch uses their planes for as much of the day as they can so if a plane leaves at 6am for one destination, it'll return early afternoon and then go to another destination. Looking at tomorrow morning the first Monarch departure of the day is 06:30.