Another 51 brands did not apply for renewal. The missing companies mean that of the 1,283 Atols that expired at the end of September, the CAA has renewed only 1,182.

Michael Budge, the CAA’s head of Atol licensing operation, thanked the industry for its support during the Cook crisis.

“Given the unique circumstances, we have used this extension to process the outstanding applications and give due consideration to all Atol holders submitting their renewal applications,” he said.

“Our online renewal system also allowed us to efficiently approve applications from smaller companies even while we completed the two-week repatriation programme.

He added: “The circumstances surrounding the failure of Thomas Cook highlight the need to continue to focus on ensuring the appropriate protection of advance customer monies as well as Atol holders maintaining adequate liquidity, sufficient to meet future obligations.”