{"id":534755,"date":"2010-04-19T10:29:00","date_gmt":"2010-04-19T14:29:00","guid":{"rendered":"e2249889-c78b-43e3-9643-b1d7d4aa587b:425169"},"modified":"2010-04-19T10:29:00","modified_gmt":"2010-04-19T14:29:00","slug":"air-canada-may-lose-10m-a-day-due-to-ash-cloud","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/534755","title":{"rendered":"Air Canada may lose $10M a day due to ash cloud"},"content":{"rendered":"<p>While investors will likely see airport closers across Europe as a one-off event for airlines, Air Canada is still expected to be losing millions of dollars a day while its flights to Europe are grounded.<\/p>\n<p>The International Air Transport Association, which represents 240 of the world\u2019s largest airlines, has said airlines globally stand to lose US$200-million a day due to the cancelled flights across Europe this past week since the volcanic eruption in Iceland. <\/p>\n<p>Air Canada\u2019s flights to London, Paris, Frankfurt, Munich, Zurich, Geneva, Rome and Tel Aviv have all been affected over the past five days due to ash from the volcano.&nbsp; <\/p>\n<p>\u201cWhile we expect investors to look past this issue if it is only short-term and one-time in nature, we roughly estimate that [Air Canada] and [AMR Corp, the parent of American Airlines,] may each lose US$10-million [a day] in revenue and US$5-million [a day] in income while the airspace is closed,\u201d said Will Randow, Citigroup Investment Research analyst, in a note to clients. <\/p>\n<p>\u201cWe expect further color from management teams this week,&quot; he added.<\/p>\n<p>British officials said Monday they expect flights to the U.K. to be disrupted until at least 1 a.m. Tuesday morning.<\/p>\n<p>Scott Deveau <\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/network.nationalpost.com\/NP\/aggbug.aspx?PostID=425169\" width=\"1\" height=\"1\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>While investors will likely see airport closers across Europe as a one-off event for airlines, Air Canada is still expected to be losing millions of dollars a day while its flights to Europe are grounded. The International Air Transport Association, which represents 240 of the world\u2019s largest airlines, has said airlines globally stand to lose [&hellip;]<\/p>\n","protected":false},"author":6368,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-534755","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/534755","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/6368"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=534755"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/534755\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=534755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=534755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=534755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}