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Travel News > May 2009 > Passengers urged to add scheduled airline failure to travel insurance
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Passengers urged to add scheduled airline failure to travel insurance
11/05/2009
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As more and more airlines reveal they are sinking further into debt, passengers are being advised to add protection against scheduled airline failure to their holiday insurance.
Hong Kong-based Cathay Pacific has become the latest carrier to announce dire financial results. It has begun cancelling flights, starting with some services from London this month, after revealing its first annual loss for 10 years.
Many other airlines are in a similar financial predicament due to a big drop in passenger numbers, particularly in first and business class cabins.
Within the past 12 months alone no fewer than 9 airlines flying from the UK have gone bust; the latest was Gatwick-based Lithuanian carrier FlyLAL in January.
Normally, flights bought direct from scheduled airlines are not covered by travel insurance policies – and unlike package holidays they are not protected by the government-run ATOL regulations.
However, insurewithease customers can buy protection against the collapse of any scheduled carrier for a small additional fee.
Scheduled airline failure can be bolted on to any insurewithease travel insurance policy, which generally works out much cheaper than buying stand-alone scheduled airline failure insurance from another source.
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