Blog

Monarch Causes Misery and Shatters Holiday Dreams for Many Thousands

03/04/2018

In a day where recession is accepted as the norm, and we sadly see more and more companies go under, it is imperative that holidaymakers ensure the flight they book is protected by ATOL. This should be at the very top of the list for their own peace of mind, way before they are even thinking of arranging their airport transfer Liverpool. Taking a moment to double-check the small print will mean a comforting reassurance further down the line if the worst happens. ATOL certification is given when holidays are booked and are a legal requirement.

A package holiday is what the Brits spend a lot of time daydreaming about. It is a worthy reward for the repetitive 9-5 slog, and millions of us spend a good chunk of our hard-earned cash on their annual getaway. The build-up can be exciting; marking days off on the calendar, checking the weather reports, learning a bit of local lingo, and planning once-in-a-lifetime excursions. The last thing people should be worrying about is, If the airline I have booked with goes bust, I am left without and my plans are ruined.

Monarch was the latest to enter administration last month, ironically fifty years since the company was founded, and was the country’s fifth-biggest airline. Its demise meant that over a hundred thousand passengers were stranded overseas and over a quarter of a million’s future holiday plans were left in tatters. Monarch has carried millions of people to 43 destinations so it is certainly a big blow to the British travel world and will leave a dent in the aviation world. It is the biggest airline to go bust. Rumours of impending administration had flooded the internet for a year leading up to 2 October 2017, the day they finally ceased trading altogether, but were always hotly refuted until the inevitable happened. Reasons for the collapse are down to competitiveness and low-budget airlines, Brexit affecting the pound which therefore hiked up fuel costs, and terrorism.

ATOL (Air Travel Organiser’s Licence) braced itself for a deluge of refunds to process from Monarch customers who had booked package deals, believed to be around the £21 million mark in total. Thankfully, the airline and its partner companies were ATOL-protected which does mean compensation which is great news. A sizeable operation costing a whopping £60 million, headed by the CAA (Civil Aviation Authority), charted several planes to get those stranded back onto home soil.

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