News
Volcano costs airlines $1.7 billion
The International Air Transport Association (IATA) estimated that the Icelandic volcano crisis cost airlines more than $1.7 billion in lost revenue through Tuesday — six days after the initial eruption. For a three-day period (17-19 April), when disruptions were greatest, lost revenues reached $400 million per day. “Lost revenues now total more than $1.7 billion for airlines alone. At the worst, the crisis impacted 29 percent of global aviation and affected 1.2 million passengers a
