Airline ticket prices for routes previously served by the Thomas Cook Travel Company are increasing as a result of its collapse.
Travelers have found that tickets from competing airlines like Jet2, British Airways, Ryanair and TUI have risen up to 400% since Thomas Cook's abrupt stop on Monday.
The collapse left 600,000 people stranded around the world and many of them made unnecessary reservations for future flights.
The airlines responded by saying that their prices were determined by market forces. Industry analysts say that increases are the inevitable consequence of the collapse of a supplier.
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The airlines are accused of inflating the prices of their flights by 400% after the collapse of the British airline Thomas Cook.
Travelers who booked flights since the collapse of the company on Monday say prices have skyrocketed. Thomas Cook was doing dozens of flights a day and his collapse left 600,000 people stranded around the world.
Customers with future bookings have found their trips canceled and need to book again with competing operators who still want to travel.
A traveler said Monday that the cost of a flight with the British low-cost airline Jet2 had almost doubled less than an hour after Thomas Cook's collapse:
Another said that a flight had started, from £ 47 to £ 145:
A spokeswoman for Jet2.com told Sky News: "Our pricing, as is common in the travel industry, is based on the principle of supply and demand."
"As supply declines, prices inevitably rise, but we plan to increase supply (flights and seating) to help customers at the present time." ".
Angela Mills, a vacationer, told the BBC that a flight from Glasgow, Scotland, to Rhodes, Greece, was worth £ 1,000 on Tuesday, up from £ 280 on Sunday. She did not specify the airlines that she was monitoring.
Related: 20 best airlines in the world
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20 best airlines in the world
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20. Hong Kong Airlines
Previous Rank: 24
Why is it great: Hong Kong Airlines has experienced impressive growth over the past two years. Not only has the global network been expanded quickly, but the carrier has also been working to improve service and products. Hong Kong Airlines is a subsidiary of Chinese group HNA.
View additional airline information at Skytrax.
(Photo by Andrew Chin / Getty Images)
19. KLM
Previous Rank: 22
Why is it greatRoyal Dutch KLM is considered the oldest operating airline in the world. Based at Amsterdam's Schiphol Airport, KLM is famous for its bright blue livery figurines and Dutch homemade liqueur bottles. The airline represents half of the Franco-Dutch conglomerate Air France-KLM.
KLM also won the prize for the best business class seat in Europe.
View additional airline information at Skytrax.
(REUTERS / Regis Duvignau)
18. Turkish Airlines
Previous Rank: 12
Why is it great: Turkish Airlines is the national airline of Turkey and its main hub is Ataturk Airport of Istanbul. The airline, with its ability to serve more than 100 countries and more than 200 cities around the world, hopes to make its national base a global transit hub.
Although the political turmoil and security issues have complicated the life of Turkish Airlines, the high quality service offered by the carrier and the product offering remain unchanged.
Turkish is a member of Star Alliance and has won the Skytrax Award for Best Airline in Europe six years in a row before losing the title to Lufthansa last year.
View additional airline information at Skytrax.
(Photo by Vladimir Shtanko / Anadolu Agency / Getty Images)
17. Air New Zealand
Previous Rank: 19
Why is it great: In 2018, Air New Zealand has recovered the best economy class in the world and the world's best economic seat from its Australian rival Qantas, the Kiwi carrier remains one of the best long-haul carriers in the industry.
In economy class, families can opt for the innovative Skycouch airline, which transforms a three-seat bank into a neutral business zone.
View additional airline information at Skytrax.
(Stephen Brashear / Getty Images)
16. Austrian Airlines
Previous Rank: 17
Why is it great: Austrian Airlines overcame a series of labor disputes in recent years, with a high and intact level of service. In 2018, the Lufthansa-owned carrier once again won the award for the best air service for air personnel in Europe. The Austrian airline has a fleet of Boeing 767-300ER long-haul recently renovated and 777-200 jets out of its base in Vienna.
Members of the airlines that benefited from savings received very good marks for the quality of its services, as well as for the wealth of its dining and entertainment options on board.
View additional airline information at Skytrax.
(REUTERS / Heinz-Peter Bader)
15. Etihad Airways
Previous Rank: 8
Why is it great: Etihad Airways, based in Abu Dhabi, is the national airline of the United Arab Emirates. Its Airbus and Boeing fleets serve a hundred destinations. The airline has become famous for its flying flats, as well as for its sumptuous first class and business class suites.
View additional airline information at Skytrax.
(Natalie Naccache / Bloomberg via Getty Images)
14. China Southern Airways
Previous Rank: 23
Why is it great: Even though Air China and China Eastern could attract more attention, China Southern is actually the largest airline of the Middle Kingdom.
The Guangzhou-based airline also won Best Airline, Best First Class in China and Best First Class Show in China.
View additional airline information at Skytrax.
13. Japan Airlines
Previous Rank: 16
Why is it great: The Japanese airline is one of the most respected airlines in the world. Skytrax's critics praised Japan's second-largest airline for its attentive service, well-coordinated ground staff and comfortable cabin.
For 2018, Japan Airlines once again won the award for the best air seat in economy class.
View additional airline information at Skytrax.
(Photo credit should say TORU YAMANAKA / AFP / Getty Images)
12. Swiss International Air Lines
Previous Rank: 14
Why is it great: Swiss International Air Lines was born in 2002 from the remains of the current Swissair and is now part of the Lufthansa family. In 2016, the Basel-based carrier became the first in the world to operate the next-generation Bombardier C-Series airliner.
Although some passengers found the economy seating comfort insufficient, most congratulated the cabin crew for its friendly service and the airline for its wide assortment of free adult drinks.
Plus, free Swiss chocolate is still a fan favorite.
View additional airline information at Skytrax.
(REUTERS / Arnd Wiegmann)
11. Qantas
Previous Rank: 15
Why is it great: Despite strong competition from Virgin Australia, Qantas has experienced a resurgence over the past two years. The airline has been praised for its excellent customer service and in-flight entertainment. And then there is the Qantas Calling Card – it has a deadly safety record in the era of jet planes.
View additional airline information at Skytrax.
(Photo by James D. Morgan / Getty Images)
10. Thai Airways
Previous Rank: 11
Why is it great: Thai Airways has long been a leader in quality service. It is therefore not surprising to find the Thai national carrier at the top of the list. Although its most advertised products are its professional and first class services, the airmen also found that its economic seats were of high quality.
Skytrax's economy-class pilots also emphasized the crew's friendly behavior and delicious dining options.
In 2018, Thai Airways again won the world's best economy class award, the world's best catering service, and the airline's best spa facilities.
View additional airline information at Skytrax.
(Photo by C.V. Grinsven / SOPA Images / LightRocket via Getty Images)
9. Garuda Indonesia
Previous Rank: ten
Why is it greatGaruda Indonesia has seen a dramatic turnaround in recent years. The Indonesian national company has taken important measures of fleet renewal and service improvement in order to regain the confidence of passengers and security authorities.
Economy travelers were delighted by the comfortable seating and choice of Southeast Asian cuisine.
In 2018, Garuda's flight attendants won the world's best cabin crew award for the third year in a row.
View additional airline information at Skytrax.
(Dimas Ardian / Bloomberg via Getty Images)
8. Hainan Airlines
Previous Rank: 9
Why is it greatFounded in 1993, Hainan is the only Chinese airline to hold the coveted Skytrax five-star rating. In four years, the airline has gone from 22nd to 10th. With a brand new fleet of more than 160 Boeing and Airbus aircraft, Hainan is growing rapidly in Asia, Europe and Australia.
Skytrax's critics praised the airline for its attentive service and quality business class accommodations.
Hainan also won the best airline award in China and the best cabin crew in China.
View additional airline information at Skytrax.
(REUTERS / Stringer)
7. Lufthansa
Previous Rank: seven
Why is it great: Europe's largest airline has climbed into the top 10 in the last two years. Customers congratulated Lufthansa for its outstanding service and the overall quality of its products.
Most of Lufthansa's long-haul flights are good, but to get the best results, it would be wise to aim for the new Superbumbos A380s and 748-8 Jumbo Intercontinental Jets in the fleet.
In addition to the top 10, the German airline also won the best airline award in Europe and the best business class in Europe.
View additional airline information at Skytrax.
(REUTERS / Kai Pfaffenbach)
6. Cathay Pacific Airways
Previous Rank: 5
Why is it great: Although Hong Kong-based Cathay Pacific lost ground over last year, the airline still remains one of the most respected carriers in the Pacific region. With a fleet of Boeing 777-300ER long haul aircraft and a commercial strategy focused on high-frequency flight offerings, Cathay is one of Asia's finest flight experiences.
Skytrax reviewers rated the company as high in terms of seat comfort, service quality and in-flight entertainment.
View additional airline information at Skytrax.
(Justin Chin / Bloomberg via Getty Images)
5. EVA Air
Previous Rank: 6
Why is it great: The Taiwanese EVA Air (pronounced ee-vee-ay) was founded in 1989 and is an offshoot of the giant global container transport group, Evergreen. The Taipei-based carrier has experienced phenomenal growth over the past two decades and now operates a large fleet of Airbus and Boeing jets. The airline is behind the pioneers of the premium economy cabin.
View additional airline information at Skytrax.
(Photo by Fabrizio Gandolfo / SOPA Images / LightRocket via Getty Images)
4. Emirates
Previous Rank: 4
Why is it great: Over the past 30 years, the Emirates of Dubai have become one of the largest long-haul carriers in the world. Operating almost exclusively through its nerve center at Dubai International Airport, the carrier has the world's largest fleet of Airbus A380 super jumbos and Boeing 777 jets.
Emirates' state-of-the-art in-flight entertainment system includes a wide range of music and video-on-demand options, and even allows live TV and sports events on its "ice" entertainment aircraft. In fact, Emirates has won Skytrax's Best Flight Entertainment Award for the 14th consecutive year.
View additional airline information at Skytrax.
(Natalie Naccache / Bloomberg via Getty Images)
3. All Nippon Airways (ANA)
Previous Rank: 3
Why is it great: All Nippon Airways continues to move up the rankings. ANA is the largest international carrier in Japan and one of the largest Boeing 787 Dreamliners fleets in the world. ANA praised Skytrax's criticism of cleanliness, service and safety. Many of its planes feature reclining front-type reclining seats that increase privacy, as well as power and USB outlets, even in economical conditions.
ANA also won the award for Best Air Staff in Asia and Best Cabin Crew in Japan.
View additional airline information at Skytrax.
(Photo by Fabrizio Gandolfo / SOPA Images / LightRocket via Getty Images)
2. Qatar Airways
Previous Rank: 1
Why is it great: Qatar Airways moves back from one place to the second.
The Doha-based airline has been praised by critics for its comfortable seating and in-flight entertainment. In fact, the company offers the second best in-flight entertainment system and the best economy class in the world. The airline connects more than 150 destinations around the world and extends its fleet to the latest generation of long-haul airliners, including the Boeing 787 Dreamliner. and Airbus A350.
Qatar has also won the Middle East Best Airline Award, the Best Business Class in the World and the Best First Class Lounge.
View additional airline information at Skytrax.
(Photo of Marina Lystseva TASS via Getty Images)
1. Singapore Airlines
Previous Rank: 2
Why is it great: Singapore's exceptional service is a very enjoyable course in which flight attendants are trained to treat customers with extreme care and respect. Personal TVs offering plenty of entertainment options and warm towels served before takeoff are just a few of the benefits of the economy.
The base of the company at Changi International Airport is one of the finest facilities in the world and has been designated by Skytrax as the best airport in the world five years in a row.
The airline has also won awards for the best airline in Asia, the best world class and the best airline in the world.
View additional airline information at Skytrax.
(Nicky Loh / Bloomberg via Getty Images)
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The British newspaper The Sun reported that a passenger had discovered a British Airways flight between London and Orlando, Florida, at £ 1,978 after the fall, up from £ 437 previously.
A spokesman for British Airways told Sky News that flight prices are based on supply and demand and denied having specifically targeted Thomas Cook's routes.
The Sun also announced a round trip flight from TUI between Scotland and the Canary Islands, from £ 320 to £ 620.
A TUI representative told Business Insider: "TUI uses a dynamic pricing model, which means that our prices can go up or down." Many variables need to be taken into account, including peak travel dates, differences between regional airports and distribution channels, customers book via. "
The Sun also announced a Ryanair flight between England and Spain that went from £ 113 to £ 226. Business Insider has contacted Ryanair about the rise in flight prices.
Experts say price increases are inevitable
John Strickland, an analyst at JLS Consulting, told the BBC: "People are not rubbing their hands with joy, and if sales are fast on popular roads, prices go up."
Jack Sheldon, founder of Flight Price's website, The Jack's Flight Club, told the British Guardian newspaper that this was still happening.
He said: "When a given line stops working, the prices actually go up, but it usually only takes a few weeks and a few months, I think it will be the same in this case because the extra demand will increase the prices of 39, other carriers. "
Lisa Tyndall, spokeswoman for the Skyscanner flight comparison website, told the newspaper: "We usually see price increases on key routes when an airline stops operating, before returning soon after. "
The travelers explained how much the collapse had ruined their plans, including with people who were waiting to catch the plane for their wedding.
Most people now seeking to book new flights are those who have seen their future trips ruined.
Those who have booked holiday packages through Thomas Cook should end up being reimbursed, but this is not the case for those who booked flights through the company.
The UK government has brought home some 15,000 Britons stranded abroad.
The main roads of Thomas Cook were Greece, Italy, Turkey, Spain and the Caribbean. It also offers package holidays in winter, which could also affect winter travel prices.
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