After the dust has settled…Financial fallout from the Icelandic volcano |
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According to the head of IATA (International Air Transport Association), the airlines’ international trade body, the volcanic ash cloud from the Icelandic volcano has caused estimated global losses at $250m (£164m) per day. This does not take into account the costs of repatriating those holiday makers stranded abroad. Although flight restrictions have now been lifted the financial pain will continue to be felt for some time.
In this Hospitality Directions Europe Client Briefing Paper we give our views of the industries most impacted.
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After the dust has settled…Financial fallout from the Icelandic volcano
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