The International Air Transport Association (IATA) estimated
that the Icelandic volcano crisis cost airlines more than $1.7
billion in lost revenue through Tuesday-six days after the initial
eruption. For a three-day period (17-19 April), when disruptions
were greatest, lost revenues reached $400 million per day.
Airlines Had Requested Relief At Congested New York Region
The U.S. DOT today denied the requests of five airlines for a
temporary exemption from the new rule limiting tarmac delays. As a
result, all U.S. carrier flights covered by the rule will be
subject to its terms effective April 29.
US Airways Issues Statement Regarding Merger Discussions
After flirting with United Airlines in merger discussions, in
what some analysts saw as a way for UAL to re-open talks with
Continental Airlines, US Airways Group said Thursday that it
has discontinued recent talks with UAL Corporation regarding a
potential merger between the two companies.