This summer, the holidays of up to 18 million consumers who put together their own `DIY` break could be at risk in the event of insolvency, the Civil Aviation Authority (CAA) in United Kingdom has warned.

The warning comes after the CAA found that although over nine in ten (92 per cent) of almost 5,000 holiday consumers it questioned considered holiday financial protection to be important, over a third (35 per cent) incorrectly believed that a DIY holiday they put together themselves would be protected should their airline, hotel or car hire company cease trading.

The CAA, which operates the ATOL financial protection scheme, is today urging consumers to check that their summer air holidays are financially protected.

Flights and accommodation booked separately as part of a DIY break are unconnected. This means that if an airline or accommodation provider ceases trading before consumers travel, holidaymakers could be forced to buy alternative, often more expensive, flights or accommodation. And if travellers cannot purchase new flights, they may be unable to claim back money already paid for the unused components of the holiday, such as hotels and car hire. Consumers could even run the risk of being stranded abroad if their airline went bankrupt during their break.

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