At first I was 100% with you on this one. Then I thought about it a little, now if you want to ignore the fact that with the current administration, no major Airline would be allowed to file CH 7. Lets say you fly airline X to Japan and then they shut down. Even if your CC refunded you for your unused return, you would still need to buy an expensive last minute one way.
Obviously the odds of something like that happening are extremely low and if it did other airlines would probably try and 'rescue' the pax.
Originally Posted by
sbm12
The guy also suggests, "If you're buying a big ticket – Asia, Australia, Europe – for the fall or winter, you should seriously consider buying travel insurance so at least you’ll get your money back." Of course, he's mostly talking to a US-based customer base who is almost certainly buying such "big ticket" trips on a credit card. And if the carrier fails the CC company is on the hook, not the consumer, for the ticket costs. The consumer can just get their money back from the CC company.
He's spewing out bad advice and I have no qualms about saying so.