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Fares rise as rivals cash in.

Byline: JAMES MONCUR

PRICE HIKES Airline Jet2 TRAVEL companies have been accused of exploiting the collapse of Thomas Cook by inflating fares.

Social media users have accused the firms of "daylight robbery".

Customers claimed some flights doubled in price after the announcement of Thomas Cook's collapse.

A woman called April tweeted: "Flights I was trying to book have now gone from PS400 return to PS800 return. They were only PS200 this morning. Everyone who doesn't need to fly should boycott them all, then they will drop the prices. #tui #jet2 #easyjet."

Lyndsay McDonald wrote: "We had flights on screen at PS375 to replace our Thomas Cook ones. We got to the payment page and within seconds, they had gone up to PS570 each. Jet2 making money from this misfortune."

Olivia Howat said: "Absolutely disgusting from Jet2. Within the space of an hour, they've doubled the price of flights following the news of Thomas Cook collapsing."

Jet2 claimed the price hikes were not uncommon.

A spokesman said: "Our pricing, as is common practice in the travel industry, is based on the principle of supply and demand. As supply reduces, an inevitable consequence is that prices increase.

"We are looking at adding more supply ( flights and seats) to help customers at this time."

Travel agent Jack Sheldon, of Jack's Flight Club, warned there could be significant price hikes in the next few weeks.

He said: "We expect you'll see increases on long-haul routes to many Caribbean destinations, where Thomas Cook was quite dominant in terms of direct routes to many holiday destinations."

Complaints about price hikes came as Jet2 and Tui shares spiked by seven per cent in early trading in the wake of Thomas Cook's collapse.

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Author:JAMES MONCUR
Publication:Daily Record (Glasgow, Scotland)
Date:Sep 24, 2019
Words:285
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