Insurance info if Thomas cook goes bust

[Persnicketty]

Originally Posted by Lucky23

What does it mean for those ( myself included) that have purchased flights next August - so the part that might be sold?

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A lot of variables there so nobody on a holiday forum can say, especially since TC are effectively a charter airline as opposed to a stand alone scheduled airline. (Though that distinction is increasingly blurry nowadays).

The aim of any airline will clearly be to continue operating as seamlessly as possible and growing its business, regardless of who the new owner is. What really matters is an airline not going bust, which in the case of TC is NOT the case, according to Simon Calder and city analysts.

Look at American Airlines, who merged with TWA and that brand vanished. Then merged with US Airlines, but kept the brand name. Do you think any booked passenger noticed?

Similar with Pan-Am, whose routes were divided up across various rivals when they went out of business.

Remember British Caledonian? British Midlands? Air 2000? A dozen others?

Some brand names vanish, some do not. Owners change all the time.

[bighal]

Originally Posted by myaquarium

I don’t think it’s meant to be spreading doom or gloom. It’s about being prepared for all eventualities. I’m more worried about being stranded in the USA. Especially now that Barclays have told me their insurance won’t even cover repatriation if they went bust in the middle of our holiday.

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Take a travel insurance policy that has (scheduled) airline failure in it and you would be covered. Thomas Cook isn't in administration or similar so you would still be covered. But do it sooner than later just in case the worst happens.
Remember insurances with banks are not necessarily the best and yours with Barclays certainly isn't in this case. It sounds like that they don't cover airline failure hence why they wouldn't payout.

[myaquarium]

Regarding airline failure cover. Will this cover the remainder of your holiday. In other words I know they will pay out the flight costs which amount to £700 each. But the Disney accommodation price is £3500. Obviously if no flights we can’t get there so will the airline failure cover pay out on this as well

[Nimbus]

Originally Posted by sprocket

Virgin Atlantic have a huge name, and even with large losses, people will still continue to book. Even if VA announced they were in massive trouble, people will still keep booking.

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I'm not sure that's true, or at least, no more so than if TC was in trouble.

I think any airline or any tour operator that states they are in massive trouble will cause some people (not all!) to look elsewhere. That's just how people are. If Virgin announced they were in massive trouble would you book a future flight with them?

[kerrie1781]

If you have a Halifax Ultimate Reward account the the travel insurance will cover for them going bust! I checked when I booked flights.

[myaquarium]

Protect my holiday not allowing cover fo Thomas cook at present.

[mitch-fishguard]

Originally Posted by Heed666

I also have flights book for September and I'm starting to get a little worried now!

We just have to hope another airline takes them over or, they find the finances they need

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Im September as well

[kathrynmc]

Originally Posted by kerrie1781

If you have a Halifax Ultimate Reward account the the travel insurance will cover for them going bust! I checked when I booked flights.

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I have checked with online chat for the Halifax Ultimate Reward account and they said it would be covered.

I’m thinking of going down this route, although we can’t get insurance yet as we don’t got until August 2020

[Lucky23]

Originally Posted by bighal

Take a travel insurance policy that has (scheduled) airline failure in it and you would be covered. Thomas Cook isn't in administration or similar so you would still be covered. But do it sooner than later just in case the worst happens.
Remember insurances with banks are not necessarily the best and yours with Barclays certainly isn't in this case. It sounds like that they don't cover airline failure hence why they wouldn't payout.

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We can’t get insurance yet as it’s too far in advance - all of them say the dates need to be within the year

[Quensabob]

Originally Posted by mitch-fishguard

Im September as well

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They have got the finances to see them through till xt april!hopefully they will have sold the airline by then!we go un september too!