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Monarch saved from brinkAfter the mass cancellation of flights by Ryanair, Monarch’s annual bout of brinksmanship is unlikely to boost confidence among UK airline passengers.Once again, the Civil Aviation Authority (CAA) has given the budget airline an extended deadline to prove it is financially stable.In common with 1,300 other holiday firms, Monarch’s Air Travel Organiser's Licence (ATOL) was due to expire on 30 September. The scheme, designed to protect package holidaymakers when travel companies collapse, is administered by the CAA.As in 2016, the aviation regulator has given the airline extra time to demonstrate it is a going concern.The cover applies only to package holidays, ie a flight and accommodation booked at the same time. Holidaymakers get a full refund if a travel firm goes bust before their trip starts, and enables them to continue their trip if they are abroad at the time of collapse.The 2017 renewal covers only Monarch passengers who book a package holiday through the company — about 5 per cent of the total.
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Monarch 'preparing for the worst' as it quadruples air fares to deter new customersMonarch appears to be preparing for the possibility of losing its licence after it quadrupled the cost of flight tickets to discourage people from buying them.The prohibitively high prices effectively mean the airline has stopped selling tickets, a move which would limit its the number of people stranded in the event of a failure to renew its license.Test bookings made on Saturday night by The Independent found thousands of seats on routes such as Gatwick-Malaga, Birmingham-Barcelona and Manchester-Stockholm on sale for £32 one-way.But by morning the minimum price for any outbound Monarch flight has risen by £100. Tens of thousands of Monarch passengers are currently abroad, with hundreds of thousands more holding advance bookings for the airline’s flights — in particular for the October half-term and the Christmas and New Year spell. Those who have bought Monarch flights as part of a package with an ATOL certificate have financial protection. But the majority of passengers have bought flight-only deals, for which consumer protection is much more complex and uncertain.
QuoteMonarch 'preparing for the worst' as it quadruples air fares to deter new customersMonarch appears to be preparing for the possibility of losing its licence after it quadrupled the cost of flight tickets to discourage people from buying them.The prohibitively high prices effectively mean the airline has stopped selling tickets, a move which would limit its the number of people stranded in the event of a failure to renew its license.Test bookings made on Saturday night by The Independent found thousands of seats on routes such as Gatwick-Malaga, Birmingham-Barcelona and Manchester-Stockholm on sale for £32 one-way.But by morning the minimum price for any outbound Monarch flight has risen by £100. Tens of thousands of Monarch passengers are currently abroad, with hundreds of thousands more holding advance bookings for the airline’s flights — in particular for the October half-term and the Christmas and New Year spell. Those who have bought Monarch flights as part of a package with an ATOL certificate have financial protection. But the majority of passengers have bought flight-only deals, for which consumer protection is much more complex and uncertain.http://www.telegraph.co.uk/news/2017/10/01/monarch-preparing-lose-license-quadruples-air-fairs-deter-new/
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Topic: 01/10/17 (Read 1722 times)
