The Civil Aviation Authority has renewed 871 of the 1,133 ATOL licences that expired on 30 September, with a further 118 still in the process.

In total there are currently 1,517 ATOL holders, with 661 due to renew in March 2022.

The CAA said 217 businesses applied in the 14 days leading up to the 30September deadline, with 85 in the last three days.

A further 144 did not apply to renew their ATOL, including 41 trade ATOL holders that no longer require to hold a licence.

Of the 118 still to renew, 52 submitted their applications within the last five business days of September.

The CAA has urged travel businesses that are due to renew in March 2022 to apply in good time before the 31 March 2022 deadline because of the time required to analyse and process applications and put any required conditions in place.

TUI UK is the biggest ATOL holder, followed by Jet2holidays and On the Beach. See the chart below.

See also: Hundreds of companies risk losing ATOL