That doesn't answer my question at all. Why doesn't ATOL protect non-package customers of Thomas Cook airlines? Why didn't it protect the customers of Monarch

That doesn't answer my question at all. Why doesn't ATOL protect non-package customers of Thomas Cook airlines? Why didn't it protect the customers of Monarch Airlines? Given the large number of airlines that have collapsed and stranded customers in the last couple of years, the "holiday package" limitation just doesn't make sense.