Cost of Iceland volcano, Eyjafjallajökull: Airlines to lose $200m a day'

Saturday, April 24, 2010

Airlines will lose at least $200m (£130m) per day in revenues as a result of the volcanic ash-linked disruption, the industry's governing body has said.

The International Air Transport Association (IATA) said its members would also lose further money as a result of expensive contingency plans.

Meanwhile accountants KPMG said it expected UK flights alone to cost airlines in excess of £200m per day. All UK flights in England and Wales were grounded on Friday.

Those airspace restrictions will remain in place until at least 0700 BST on Saturday, and widespread restrictions are now in place across Europe.

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