The CAA has played down delays in publishing the full accounts of the Air Travel Trust fund (ATTF) or "Atol" fund, citing the same "resourcing challenges" which affected much of the rest of the travel sector.
(Credit: Pixabay / Pexels)
The authority issued the ATTF’s 2020/21 accounts on Monday (20 February), covering the year to 31 March 2021.
They revealed the fund currently had cash reserves of £108 million and access to a further £75 million in commercial credit after being heavily depleted by the September 2019 collapse of Thomas Cook.
Loosely covering the first year of the pandemic, the accounts detail the impact of 34 failures during the year to the end of March 2021 – up from just eight a year earlier.
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