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