This is going to change the travel industry for ever.
People pay extra for using a company like TUI over doing it your self as they see it as the safer option , but they appear to be the worst at trying to slime out of REFUNDS.
Agents like travel republic are a nightmare too as then your arguing between them and say the flight provider who owes you the refund.
I think a lot of people certainly in the near future won't book months in advance as they won't want to be faced with flights being stopped again for what ever reason.
I never get why people don't do flights and hotels themselves . Pay on credit card and have good.insurance not the cheapest £5 one you can find a proper insurance is about £100 a year .
People will be looking at low deposits in the future a lot more and paying balance few weeks before travel.
Suppose am quite lucky my 3k holiday has a £100 deposit rest due in few weeks am just gonna wrote off the £100 , not a chance am paying 2900 to fight for 100, although am.sure I would get it back.eventually.
As people have said its out and out theft . No one wants to see these business go bust as all.competition is good for prices but doesn't make what their doing right.
As a side note I used to work.for a travel.company and it would.amaze you how little they make per booking. If people cancelled and lost their deposits that would make them more than if u paid up and the holiday went ahead, but it was Thomas cook I worked for so probably not best business model .
I was happy to 're book my flights for next year but with Ryanair it's not even on sale so I'l.take the 're fund looked at swapping to sep and it's treble.the price so no thanks