BAA has announced it lost an estimated £28m during the six day UK air space strike imposed by (NATS) during the Icelandic ash cloud debacle, over 100,000 flights were cancelled causing BAA’s monthly passenger average to drop by 1.6million resulting in the massive financial losses.
Colin Matthews BAA’s chief executive stated it had been a tough time getting through the recession and it was unwanted additional cost. He also said that plans would be made to recover some of the lost revenue.
On a brighter note passenger numbers had improved in the three months up to April in what has been the worst recession on record according to Mr Matthews.
Siim Kalls the European Union transport commissioner stated yesterday that European governments would be ordered to pay up to €2.5bn in compensation to the travel industry for the subsequent losses due to the volcanic ash cloud
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