IATA, the International Air Transport Association has stated that there are at least 20 international airlines at risk of bankruptcy at this time thanks to financial instability in the US, fuel prices and a downturn in the number of travellers flying.
This is just a reminder that when you book with me, I am with a registered TICO Travel Agency meaning if an airline you are booked on does go bankrupt you have some (perhaps full) coverage for reimbursement through TICO's travel compensation fund.
If you are booking your own flights directly with the airlines you do not have coverage. I do charge a service fee on air only bookings - but there are definitely advantages of using a professional travel consultant and the TICO Compensation fund is one of them.
Here are some of the more recent closeures:
Zoom Airlines - August 28 '08
Oasis Hong Kong Airlines - April 9 '08
ATA Airlines - April 4 '08
Aloha Airlines - April 2 '08
Click on the link below to visit the TICO Website or feel free to call me to learn more.
External Web Link
This is just a reminder that when you book with me, I am with a registered TICO Travel Agency meaning if an airline you are booked on does go bankrupt you have some (perhaps full) coverage for reimbursement through TICO's travel compensation fund.
If you are booking your own flights directly with the airlines you do not have coverage. I do charge a service fee on air only bookings - but there are definitely advantages of using a professional travel consultant and the TICO Compensation fund is one of them.
Here are some of the more recent closeures:
Zoom Airlines - August 28 '08
Oasis Hong Kong Airlines - April 9 '08
ATA Airlines - April 4 '08
Aloha Airlines - April 2 '08
Click on the link below to visit the TICO Website or feel free to call me to learn more.
External Web Link
