Why haven’t more travel companies gone bust? Well there’s the furlough scheme, which has reduced overheads and given management an incentive to go on. They can pay staff something for a longer period and protect them as much as possible.
There are refund credit notes, which have allowed many travel companies, so far, to avoid paying out large scale refunds at this stage – customers are continuing to make balance payments too for fear of defaulting and losing their deposits so there is still cash flowing in.
