While I agree it is not all doom and gloom. We have to keep one thing in mind though. Package Holiday operators like TUI, Jet2 and others are by law accountable when their customers cannot complete their holidays. They either have to provide their clients vouchers or worse, reimbursements. They also have to work out how much of the damage they can share with their suppliers (airlines / acco / etc). The problem is if one big player falls this might trigger a chain reaction. Package operators like TUI, who have expensive assets like airplanes and hotels are hit the hardest I guess. Luckily TUI was in reasonable good shape.