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Holidaymakers face six-month wait for travel refunds as airlines struggle to deal with colossal backlog of claims with £7billion owed to customers

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The Wall Street bank was initially drafted in to handle a possible bailout of Virgin Atlantic, but has been awarded a broader mandate covering the entire sector. . Through to 2021, the flight deals service found there would be a 35 per cent decrease in prices on average, as airlines desperately attempt to draw customers back in.

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