The CAA on Monday (20 February) issued the accounts for the ATTF for the year to 31 March 2021, during which 34 Atol holders failed – the highest number in a single year since the introduction of the Atol protection contribution (APC) in 2008/09. A year earlier, there were just eight failures of Atol holders.
Notable Atol failures in the year to 31 March 2021 included STA Travel, APS-Select (trading as VIP Ski) and Alpine Elements. Of the 34 failures, there were four that each placed an estimated call on the ATTF of more than £1 million. The total estimated call on the ATTF for the 2020/21 year was £11.4 million.
