Tag: Iceland

• Wednesday, April 21st 2010 - 16:48 UTC

  Ash-cloud cost airlines 1.7 billion; IATA calls for government compensation

  

  The International Air Transport Association (IATA) estimated that the Icelandic volcano crisis cost airlines more than 1.7 billion US dollars 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 USD per day.

• Tuesday, April 20th 2010 - 14:33 UTC

  IATA criticizes Europe’s management of airports’ ash cloud-closure

  

  The International Air Transport Association (IATA) sharply criticized Monday Euroepan governments for their lack of leadership in handling airspace restrictions in light of the Icelandic volcano eruption and urged a re-think of the decision-making process.