Airlines Lost More Than $1.7 Billion in Revenue Due to Volcanic Ash
An airline industry organization revealed that more than $1.7 billion were lost in revenue by Airlines, for a cloud of volcanic ash grounded flights for six days over most of northern and central Europe. The organization has requested Governments to compensate carriers and loosen regulations.
Giovanni Bisignani, Director General of the International Air Transport Association said, "It is an extraordinary situation exaggerated with a poor decision-making process by national governments. The airlines could not do business normally. Governments should help carriers recover the cost of this disruption".
The passenger care regulations should be changed, which hold airlines liable for stranded passengers' hotel bills, meals as well as telephone calls.
About 29% of the global aviation is impacted by the crisis and about 1.2 million passengers were affected, according to IATA. Eurocontrol shared that more than 95,000 flights had been canceled between last Thursday and Tuesday.
IATA estimated that airlines lost $400 million in revenue per day, when the disruption caused by the ash cloud was at its greatest from April 17 to April 19. Bisignani opined that this crisis is distressing indeed, for such an industry that lost $9.4 billion last year and was predicted to lose a further $2.8 billion in 2010.
- Login or register to post comments
Print
Email to friend
You May Also Like..
Must reads
Increasingly Canadians are beginning to be interested in the production of their food and the route it takes to reach their table.
Nia and...
Publishing a memoir about his losing his partner to breast cancer, Alan Simons’ book Eighteen Months: A Love Story Interrupted, received an...
While, CT scans or other nuclear medicine diagnostic tests are carried out in about one of every 160 pregnancies, for diagnosing serious problems...
As the Stephen Lewis Foundation’s AfriGrand Caravan AIDS awareness tour gets under way, a cry for help will sound from coast to coast, as...
Physicists Stephen Hawking and Len Mlodinow, have tackled the meaning of life questions like the reason the universe behaves as it does, including...
Even before the outbreak of salmonella recently, the nation’s egg industry has had to fend off allegations of cruelty to chickens.
A...
There are changes heading the way of small businesses, who while preparing for health care reform, haven’t had time to digest them, nor do they...
It was Macmillan Cancer Support that helped pull a family through, when two of its members were struck down with cancer. Now, all relatives of the...
Featured Articles
-
Another review of the British registry data...
-
US National Institutes of Health are reported...
-
Pearl Valley Eggs, deep in the heart of...
-
Reports that Lupin was seeking the US Food and...
-
Last night, a stunned television audience...





















