Airlines losing $200m a day: Iata

2010-04-16 23:08
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

 
/News

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Kalahari.com - shop online today

Deal of the week!

Petrol generators from R1399, save up to R350. While stocks last. Shop now!

30% off Pampers!

Save 30% when you buy 3 or more selected pampers products. While stocks last. Shop now!

This week only - 30% off books!

Get 30% off when you buy 2 or more books. Many titles to choose from. While stocks last. Shop now!

New range of Samsung smartphones!

Samsung Galaxy A3, A5 and Alpha now available at kalahari.com. while stocks last. Shop now!

Buy 3 eBooks & only pay for 2!

The cheapest of the 3 titles will be free. Many more titles to choose from. While stocks last. Shop now!

Horoscopes
Aquarius
Aquarius

You are very people sensitive today and there is a tendency to put too much energy on service and outer obligations. The balance...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.