IATA says airlines suffering

In Berlin, IATA Director General and CEO Giovanni Bisignani has said that airlines will lose more than estimated $1.7 billion because of the volcanic ash cloud. This is on top of the estimated $2.8 billion the airlines could lose in 2010. The airline industry lost $9.4 billion in total last year, this crisis is devastating according to Bisignani.

The scale of the crisis eclipsed 9/11 when US airspace was closed for three days. The Director General expects that the industry could take up to three years to recover from the volcano crisis. IATA said that from the 17^th to 19^th April, when the air-traffic delays and disruptions were at their worst, lost revenues reached $400 million per day.

The volcano affected some 29% of the world’s passengers during the crisis, this is about 1.2 million passengers each day. www.iata.org

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