Volcanic eruption grounds European flights
Queen’s University School of Business professor Douglas Reid is available to talk about the grounding of flights in Britain and Northern Europe due to the volcanic eruption in Iceland.
Professor Reid, who specializes in the airline industry, says grounding this many flights is extraordinarily rare and will impact travelers around the world, not just in Europe.
“A shutdown like this is rare but necessary for safety reasons,” says Professor Reid. “The financial impact to airlines will be huge but it’s hard to estimate exact losses because of the lack of public information about operating costs at each of the affected airports. What is known is that this shutdown in Europe will have a ripple effect and cause havoc for airline travelers around the world.”
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