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.