Daily Insurance Industry News
 
 
Daily Insurance Industry News
Tuesday 23rd of January 2018
July 29, 2010

Travellers urged to be wary of airline failure

by Richard Kilner

Story link: Travellers urged to be wary of airline failure

Airline insolvency is an issue largely ignored by travellers when booking tickets, new research from Ipsos Mori on behalf of the Air Transport Users Council (AUC) has revealed.

Of the 2,072 people surveyed only five considered the matter when booking tickets, a perhaps surprisingly small number given that 65 airlines have collapsed since the financial crisis began.

It is possible that travel insurance has increased the confidence of travellers, with two-thirds of people questioned stating they knew whether or not their insurance provided financial protection.

Only 8% of those surveyed said that they would definitely not purchase protection against airline failure.

International Passengers Protection Limited’s Michael Ward has strongly urged travellers to ensure that if their journey is not ATOL protected they check their travel insurance.

Recent research by Defaqto has revealed that 77% of travel insurance does not provide financial protection, leaving travellers exposed in the case of airline failure.

 

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