Spain's airlines count cost of Icelandic volcano

09:43, May 15, 2010      

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The ongoing eruption of the Icelandic volcano Eyjafjalla, that has caused chaos in air-traffic control over the past month has turned out to be very expensive to Spain's airlines.

Iberia, which presented its results for the first quarter of the year this Friday, said that the eruption that caused the closure of airports all over Europe between 15-21 April cost it between 18-20 million Euros (22.4-24.9 million U.S. dollars).

The low cost airline Vueling lost between six and eight million Euros, Air Europa lost around 10 million Euros and Spanair lost a quantity similar to that lost by Air Europa.

These numbers do not take into account the chaos caused by the return of the ash cloud in the second week of May that saw the closure of airports in the North of Spain, including Barcelona and also in the Canary Islands and Sevilla.

The Spanish Airports Authority (AENA) has also been hit by the eruption with losses amounting to around 7.5 million Euros, resulting from fees for routes and navigation costs.

Source: Xinhua
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