STA Travel, a company focused on providing package holidays for students and young people, has become the latest travel industry loss of the coronavirus pandemic.
The travel industry has been battered by coronavirus lockdowns and global groundings, and many companies are fighting to survive as it is still unclear when things will fully return to normal again.
STA has more than 50 shops in the UK, and its parent company fell into administration on Thursday. Closure will result in around 500 job losses.
It was licensed to carry around 30,000 package holidaymakers a year under its Air Travel Organiser’s Licence (ATOL) bond.
STA Travel UK said in a statement on Friday that while it had taken measures to mitigate