Originally Posted by
Albert Hall
I think the biggest problem any new entrant (whether tour operator or airline) will face will be credit card companies' unwillingness to accept the trading risk. They are already on for taking a bath from the Thomas Cook collapse, and they seriously dislike the travel sector anyway because of the risks involved for them. I'd think any new travel business trying to get credit card processing facilities right now would find this an extremely difficult challenge.
CC companies are ok on this as a lot of the risk is mitigated as TC was ATOL protected.
You can bet that there will be claims for refunds from ATOL and also from the CC company for the same holiday.
CC companies can address it by withholding full payment for holidays until their customer is actually going on holiday.