Website discusses flights and holidays. States holidays are bonded.
2) Book scheduled flights on a Credit Card or Visa Debit card
If your flights cost over £100 and you pay for them using a credit card (Visa / Mastercard) you'll be entitled to a refund in the event of scheduled airline failure (this is protected under the terms of the Consumer Credit Act). You'll need to contact your card issuer to make the claim. If your flights cost less than £100 you may still be entitled to a refund, but you'll need to check with your card issuer and claim in good time.
And here...
Terms and Conditions for flight bookings made after 28 October 2014 | Flight Terms - Monarch
26th Sep 2016 15:07
It doesn't change the fact that ZB flight only bought direct are Atol bonded, and First Aviation issue a flight only Atol certificate. I'm looking at two right now.