The BBC has said that recent terror attacks in Tunisia and Egypt, increased competition and the weak pound may be factors in the company’s collapse. Last year, it posted a £291-million loss.
No planes were in the air when the company announced its administration, and customers were notified by text. The CAA has told all customers that were planning to return to the UK within two weeks not to cut their trips short, and that they would be flown home at no extra cost. Over 300,000 future bookings have been cancelled.