Thomas Cook: Insolvency

(asked on 2nd October 2019) - View Source

Question to the Department for Transport:

To ask Her Majesty's Government what estimate they have made of the cost to the taxpayer of repayments to Thomas Cook customers who lost future bookings.


Answered by
Baroness Vere of Norbiton Portrait
Baroness Vere of Norbiton
Parliamentary Secretary (HM Treasury)
This question was answered on 8th October 2019

There are no costs to the taxpayer of refunding future bookings. If the booking is covered by the ATOL scheme, then the refund will be paid out of the Air Travel Trust Fund. For other bookings, the customer may be able to reclaim the costs from a credit or debit card provider or from their travel insurance provider.

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