A fall in operator failures over the past year has allowed the Air Travel Trust consumer protection pot to rebuild to nearly £200 million – close to its pre-Thomas Cook reserves.
The Air Travel Trust underwrites the Atol scheme (Credit: Andre Taissin / Unsplash)
The fund, which is used to refund and repatriate consumers where bonds are insufficient following a collapse, contains £199 million, but has no fall-back insurance as it did pre-pandemic.
The latest figures were revealed in the ATT’s annual report for the year to 31 March 2024, which was published on Thursday (25 July). In the year to 31 March 2019, prior to Cook’s collapse in October that year, the fund contained around £221 million.
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