The Civil Aviation Authority has published a summary of responses from the travel industry to its consultation on ATOL reform, which it hopes will provide better protection for customers’ money.

It found a general agreement that a variable ATOL Protection Contribution would likely result in a fairer system than any other options being considered.

However, there will now be a second consultation with specific proposals from the CAA before any decision is made.

You can read a summary of the responses to the first consultation here.

Head of ATOL Michael Budge said: “Our analysis from before the Covid-19 pandemic, learning from the collapses of travel businesses such as Monarch and Thomas Cook, as well as impact of the pandemic itself has highlighted the need to carefully consider the means by which travel businesses can better protect consumers’ money and the need to improve the financial resilience of ATOL holders.

“Having carefully considered the views of the industry in the first consultation, a second consultation with specific proposals will be launched later this year before our final decisions are made.”