Icelandic Volcano Airline Costs Keep Climbing

The cost of the Iceland volcanic eruption is growing more enormous by the hour, with airlines facing losses in excess of $200 million per day. "At current levels of disruption, IATA's initial and conservative estimate of the financial impact on airlines is in excess of US$200 million per day in lost revenues," the International Air Transport Association said in a statement Friday. "In addition to lost revenues, airlines will incur added costs for re-routing of aircraft, care for stranded...Full Story
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