Your Economy (No Politics)

[sludgehound]

Volcano $300M day. >65K flights cancel.

Airlines, travelers frustrated by Iceland's volcano. Iceland's volcano continues to cause mayhem for travelers, giving hotels a boost on both sides of the Atlantic as stranded fliers look for places to stay. Airlines, which are now losing close to $300M per day, are putting pressure on authorities to ease no-fly directives, pointing to several test flights that didn't experience any problems, but forecasters suggest airports in northern and central Europe may remain closed for at least another three days, if not longer. More than 63,000 flights have been canceled so far, and an extended disruption could pose a threat to Europe's shaky economic recovery.

FT.com