Warning of winter airline failures
07.11.09
Fresh airline failures are predicted this winter - a time when less people fly and airline finances are most stretched - with a knock-on effect across the industry. The warning came from insurer International Passenger Protection (IPP), which said a number of airlines collapsed over the last two Christmas periods, and it expects a similar pattern this year.
Michael Ward sales and marketing manager for IPP, said: ‘We predict well over half of travellers leaving the UK will be without financial protection over the festive period. Travellers see logos for ATOL, ABTA and IATA and assume they are safe, however if you are independently booking this is not the case.'
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