Monday, April 19, 2010

Emirates loses $50m in income to volcanic ash

Emirates has so far incurred a total loss of $50 million (Dh183.5m) in revenues as a result of the flights disruptions caused by volcanic ash cloud from Iceland's Eyjafjoell volcano that erupted on Wednesday last week."For Emirates, it has been a $50m loss of income so far over a period of five days by the way of losing $10m a day. In addition, we have lost another $5m (per day loss of $1m) in terms of accommodating the stranded passengers in Dubai hotels," Tim Clark, President, Emirates airline, told Emirates Business. "These are losses which are coming straight out of our own pocket." The airline said it is providing accommodation for approximately 6,000 passengers who were in transit when the disruption began, and that, to date, over 80,000 passengers have been impacted by the ongoing disruption. Clark added that the airline has cancelled operations to all its UK and European routes due to the ongoing issue with the "exception of some".

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