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| Last Updated : Tue 07-Sep-2010 20:18
HKSAR (GMT +08:00) |
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Airlines count the ash disruption costs as skies open
Category :
Aviation Greater China
2010-08-13 01:59:06
Airlines to lose millions from ash disruption
GENEVA, Apr 27 (GCTL) - The Icelandic volcano crisis cost airlines alone more than US$1.7 billion in lost revenue through on April 20, 2010, and at the worst, the crisis impacted 29 percent of global aviation and affected 1.2 million passengers a day, eclipsing the impact of September 11 when US airspace was closed for three days, according to the International Air Transport Association (IATA).
According to IATA Director General, Giovanni Bisignani, “for an industry that lost US$9.4 billion last year and was forecast to lose a further US$2.8 billion in 2010, this crisis is devastating. It is hitting hardest where the carriers are in the most difficult financial situation. Europe’s carriers were already expected to lose US$2.2 billion this year-the largest in the industry”.
“As we are counting the costs of the crisis we must also look for ways to mitigate the impact. Some of our airport partners are setting industry best practice. London Heathrow and Dubai are waiving parking fees and not charging for repositioning flights. Others airports must follow,” Bisignani says
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Category :
Aviation Greater China
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