As you may have seen in the press this morning, Monarch has ceased trading after it lost its licence to sell package holidays in the UK. The company is now in administration.
Thankfully for those customers currently abroad, the CAA is coordinating flights back to the UK at no extra cost. You should visit the dedicated Civil Aviation Authority web page to find out about your alternative flight.
If you haven’t yet travelled, you should be refunded via the ATOL scheme if you booked a Monarch package holiday. If it was a flight only, unfortunately, Monarch are not required to provide a refund, but you might be able to seek a refund if you paid by credit card.
Whether you are covered by insurance will depend very much on the terms and conditions of the policy. Most policies do not cover airline failure as a standard part of the cover. Because of this, it is unlikely you will be able to claim for additional costs associated with this event (e.g. delays, alternative bookings). Please be mindful that if you decide to arrange your own flights (rather than the CAA’s) these are also unlikely be covered by your travel insurance policy.
If you are affected by this event and want to discuss your travel insurance, please contact us.
Image credit: RHL Images