Airlines losing $200m a day: Iata

2010-04-16 23:08

kalahari.com

  • Air Travel and Health
    ir Travel and Health offers guidance to engineers designing aircraft in the difficult field of... Now R1,206.00
    buy now
Geneva - Air traffic disruption brought about by the volcanic ash cloud from Iceland is estimated to be costing airlines more than $200m per day, the International Air Transport Association said on Friday.

"At current levels of disruption, Iata's initial and conservative estimate of the financial impact on airlines is in excess of $200m per day in lost revenues," said Anthony Concil, a spokesperson for the airline association.

He added that Iata had set up a crisis centre in Montreal and that it was "closely co-ordinating" with European air navigation services.

The eruption of the Eyjafjallajokull volcano in southeast Iceland has caused havoc to air traffic across Europe.

As the cloud of ash spread southwards and eastwards, several authorities in Europe closed up airspace leading to thousands of flight cancellations.

Concil said that beyond lost revenues, airlines would also incur additional costs for rerouting their aircraft, as well as compensation for stranded passengers.

The association represents about 230 airlines accounting for 93% of scheduled international air traffic but does not include the major budget carriers.
Read more on:    air travel  |  iceland volcano
NEXT ON NEWS24X
SHARE:

Read News24’s Comments Policy

 

Inside News24

 
/Sport

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Magical Massinga

Spend 5 nights at the gorgeous Massinga Beach Lodge in Mozambique and only pay for 4 from R13 220 per person sharing. Includes return flights, accommodation, transfers and romantic turndown. Book now!

Kalahari.com - shop online today

Pre-order your iPhone 6 at kalahari.com

Hurry and pre-order your own iPhone 6 now at SA’s favourite online store!

Bargain box – 60% off

Reduced prices, very limited stock. While stocks last. Hurry and shop now!

Mind blow low prices on electronics

Get either the Prestigio multiphone or Proline tablet 7” tablet for only R699. Offers valid while stocks last. Shop now!

30% off Barbie toys

Save 30% on all Barbie toys and accessories. Offer valid while stocks last. Shop now!

Baby extravanganza month at kalahari.com

Celebrate baby month with a wide range of awesome baby products. Offers valid while stocks last. Shop now.

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25

Horoscopes
Aquarius
Aquarius

Today is a good day to let go of expectations and just see where the wind takes you. You are in the mood to make the most of any...read more

There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.








Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.