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Airline Losses from Ash Spiral Over $1 billion
Yahoo News ^ | 4/19/2010 | Yahoo News

Posted on 04/19/2010 7:11:52 AM PDT by Dallas59

PARIS – As airline losses from the volcanic ash cloud spiraled over $1 billion on Monday, the industry demanded EU compensation and criticized European governments for relying too much on scientific theory — not fact — in their decisions to shut down airspace across the continent.

Shares of some European airlines fell as flight disruptions from the volcanic cloud moved into a fifth day, and the International Air Transport Association complained of "no leadership" from government leaders — one of whom admitted to EU dissension about how to respond.

"It's embarrassing, and a European mess," IATA CEO Giovanni Bisignani told The Associated Press. "It took five days to organize a conference call with the ministers of transport and we are losing $200 million per day (and) 750,000 passengers are stranded all over. Does it make sense?"

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Business/Economy; Culture/Society; Foreign Affairs
KEYWORDS: money; nature; volcano

1 posted on 04/19/2010 7:11:52 AM PDT by Dallas59
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To: Dallas59

Nature is not very cooperative with Utopia.


2 posted on 04/19/2010 7:14:06 AM PDT by Dallas59 (President Robert Gibbs 2009-2013)
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To: Dallas59

I am in the aircraft building business. If this goes on much longer and those billions and billions of dollars in aircraft orders these European airlines have won’t seem so important to them anymore. The post 9/11 slow down could look like a little bump in the road in comparison.


3 posted on 04/19/2010 7:16:35 AM PDT by NavyCanDo
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To: Dallas59

This will require a new tax on volcanic emissions to fund an airline bailout. Levied on US industry of course.


4 posted on 04/19/2010 7:16:44 AM PDT by PogySailor (We're so screwed.....welcome to the American Oligarchy)
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To: Dallas59
the industry demanded EU compensation

LOL! Just institute a volcano tax. Then we get to watch French farmers light tire fires at major intersections, while gay Germans cannibalize each other.

Oh wait, they'll do with or without a volcano tax.

5 posted on 04/19/2010 7:16:46 AM PDT by dead (I've got my eye out for Mullah Omar.)
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To: Dallas59

Are any countries going to sue Iceland? I think they have about 3 Euros and a Bjork CD left in the bank.


6 posted on 04/19/2010 7:20:00 AM PDT by dead (I've got my eye out for Mullah Omar.)
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To: PogySailor
Waxman will probably be calling Mother Nature on the carpet for this little speedbumb on the obamabahn!
7 posted on 04/19/2010 7:21:18 AM PDT by skimbell
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To: Dallas59

I’d pass on the chance to watch two jet engine seize at 30,000 feet just because the airlines don’t want to lose anymore money......


8 posted on 04/19/2010 7:22:28 AM PDT by AngelesCrestHighway
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To: Dallas59

They’ve tried to use Globullsmarmingcliamtechange on the volcano...I’m just waiting for the obligatory fault of the lack of national health care,Tea Party protests and the fault in general of the USA. Seems when faced with a natural realty...Socialists have a hard time understanding you can’t do a damn thing about it.


9 posted on 04/19/2010 7:24:54 AM PDT by Dallas59 (President Robert Gibbs 2009-2013)
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To: AngelesCrestHighway

All it will take is one man made incident (engine failure) to bring the EU airline industry to a complete standstill for many months.


10 posted on 04/19/2010 7:25:42 AM PDT by DownInFlames
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To: NavyCanDo

Any idea how high the particles can go into the atmosphere? I thought some of the top of the line business jets and some commercial jetliners can fly in excess of 40,000 feet. The 777 can fly as high as 43,100 feet. 757 (a lovely plane) 42,000 feet. Airbus A 340 41,000 feet.

They just need to make the service ceiling 50,000 feet or higher.

They will have to run more flights out of southern europe. Rome, Naples, Madrid, Lisbon.


11 posted on 04/19/2010 7:28:45 AM PDT by Frantzie (McCain=Obama's friend. McCain called AMERICANS against amnesty - "racists")
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To: Dallas59
Lufthansa and Air Berlin just got 50 special permits to fly out from Frankfurt to worldwide destinations in order to retrieve stranded Germans.

Lufthansa und Air Berlin holen Tausende Deutsche zurück / Spiegel.de (in german)

They are flying VFR under the ash until they clear closed air space.

Lufthansa has been doing test flights and are contradicting the Air Safety Board results. They are putting heavy pressure on the EU.

IATA blasted the EU for 'miserable crisis management' as well.

Luftfahrtverband wütet gegen Europas Regierungen / Spiegel.de (in German)

Spiegel in English. Not as extensive reporting as the German side but still has good information.

12 posted on 04/19/2010 7:32:22 AM PDT by longjack
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To: Dallas59

Coming to a continent near you in a few days as the ash circumnavigates on the wind. Going to have nifty sunsets though.


13 posted on 04/19/2010 7:33:12 AM PDT by Don Corleone ("Oil the gun..eat the cannolis. Take it to the Mattress.")
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To: Dallas59

I feel sorry for all of the stranded people, but this article is pretty amusing. Disfunction junction. It’s rather Katrina-esque.


14 posted on 04/19/2010 7:34:42 AM PDT by Ezekiel (The Obama-nation began with the Inauguration of Desolation.)
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To: Dallas59

Look at the savings on fuel costs and not having to buy carbon credits.


15 posted on 04/19/2010 7:37:45 AM PDT by edcoil (If I had 1 cent for every dollar the government saved, Bill Gates and I would be friends.)
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To: Dallas59

“Spiral”? Hell, Obama can spend that abount in less than 4 hours.


16 posted on 04/19/2010 7:41:42 AM PDT by CodeToad
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To: Dallas59

Too bad there is so much regulation on starting a ferry/ship line. Imagine the current opportunities existing now.


17 posted on 04/19/2010 7:44:13 AM PDT by alarm rider (The left will always tell you who they fear the most. What are they telling you now?)
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To: Dallas59
1 Billion? Shoot, according to Obama that is just a small amount of money to lose. Obama and his supporters can spend that much in a matter of seconds and that is just for ACORN and SEIU.
18 posted on 04/19/2010 8:11:39 AM PDT by vetvetdoug
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