Bernoulli
I do not like what TUI & especially Ryanair have done, but you are incorrect with your statement about ATOL protection.
The so called experts l watched on TV, SC on the BBC for example got it wrong and could have done TC a lot more damage if they had told the facts correctly.
Your holiday was not safe if TC failed or any other operator for that matter, your money would have been, but not your holiday.
If you were going to book a honeymoon trip, would you have risked it, l would not have.
Now if l were booking just a holiday and it did not matter to much to me if my holiday had to change, or l would have to pay for a replacement before my refund arrived, then l would have booked with TC, no problem.
All l can say is good luck to all at TCX, in my opinion especially those in the maintenance/engineering part of the company, because l think you are going to need it l am afraid.