Can an ATOL protect me if a scheduled airline goes bust ?
Yes, in some cases. If you book a scheduled flight with a travel firm and don’t get your ticket straight away, your booking should be protected by ATOL. Check as usual for the ATOL number. If your booking is protected by ATOL, you’ll usually be covered if the airline fails – so you’ll have better cover than if you book direct with an airline or you get your ticket straight away. You may be asked to pay a small premium for this extra protection. An ATOL holder can opt out of providing cover for scheduled airline failure, but only if it clearly tells you before you book that you’re not covered for this.