Holiday website On The Beach reckons it missed out on more than £1m in profits after the collapse of airline Monarch forced seat prices up over the winter.
Chief executive Simon Cooper said the demise of Monarch, Britain’s fifth biggest airline, caused a reduction in the number of airline seats available to holidaymakers and so pushed the price of flights up.
He suggested those searching for a short break in February this year would have paid “twice as much” as the same month the prior year.
He claimed this had deterred a slew of passengers and meant the loss of a potential £1.1m in revenue the company would have expected to receive had Monarch, whose collapse in October last year led to the largest repatriation by the Government since Dunkirk, remained solvent.
“The pricing of flights prior to Monarch’s failure was about 15pc down year-on-year but after it, prices were up about 80pc year-on-year which was a massive swing for winter travel,” he said.