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European airlines together losing $200m a day

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  • European airlines together losing $200m a day

    European airlines together losing $200m a day


    April 17, 2010 - 14:23 AMT 09:23 GMT
    PanARMENIAN.Net -

    The no-fly zone across much of Britain after Iceland's huge volcanic
    eruption this week is set to remain in force over the weekend, placing
    yet more strain on road, rail and ferry networks already struggling to
    cope with thousands of stranded passengers.

    Lord Adonis, the transport secretary, who met officials at the Civil
    Aviation Authority, Met Office, and National Air Traffic Services
    today, said: "It is likely significant disruption to most UK air
    services will continue for at least the next 48 hours".

    Airlines have been counting the cost of the stoppages, with analysts
    estimating that British Airways was losing £10m a day. The
    International Air Transport Association said European airlines are
    together losing $200m a day. European airlines have been the hardest
    hit financially, facing $2.2bn losses this year, the Guardian
    reported.

    From: Emil Lazarian | Ararat NewsPress
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