IATA says eruption will cost millions

IATA has said that airlines could lose a total of $200 million a day in lost revenues because of the Eyaffjalljokull volcano, the association also said that airlines will incur additional costs re-routing aircraft, caring for stranded passengers and for stranded airplanes at closed airports. IATA has set up a special crisis centre at their headquarters in Montreal to monitor the situation and is co-ordinating with Eurocontrol and European air traffic service agencies. www.iata.org

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