4/20/2010

Though European airlines are experiencing the heaviest financial blow from Iceland's volcanic cloud, analysts say U.S. carriers, too, have suffered millions of dollars in losses as some 200,000 passengers have had their travel interrupted. Robert Herbst, an analyst with AirlineFinancials.com, estimates that the five U.S. airlines with European routes have lost $35.8 million per day since April 16. "Right now, it's a pretty manageable situation," says Tim Sieber of the Boyd Group, noting that the numbers are similar to the losses suffered in February when blizzards forced the cancellation of hundreds of flights.

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