Airlines hiking prices by as much as 400 percent after Thomas Cook collapsed

Airlines hiking prices by as much as 400 percent after Thomas Cook collapsed


25.Sep.2019

  • Airfare prices for routes previously served by travel company Thomas Cook are surging in the wake of its collapse.
  • Travellers found tickets with rival airlines like Jet2, British Airways, Ryanair, and TUI to have gone up as much as 400% since Thomas Cook abruptly stopped operations on Monday.
  • The collapse left 600,000 people stranded around the world, and many with now-worthless bookings for future flights.
  • Airlines responded by saying that their prices are determined by market forces. Industry analysts say that increases are the inevitable consequence of a provider collapsing.

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