Volcano Eruption in Iceland: More flights operate on Tuesday in Europe

European aviation authority expects ease on air ban, allowing 55 to 60 percent of scheduled flights in European airspace, up 30 percent on yesterday.

The forecast for tomorrow is that there is another increase of ten to 15 percent of the flights. The European Commissioner of Transport, Siim Kallas, said yesterday that the economic impact on the airline industry as whole will be huge. Some industry analyst, the loss of airline is expected to be $250 million per day.
The commissioner of transport stressed on resuming flights but without losing sight on the safety. According to survey released yesterday, the economic impact will be “insignificant” compared with the global financial crises.

Due to the ban, airlines are struggling to cope with substantial losses caused by the eruption of Iceland and analyst believes that other modes of transportation will replace the plane. However, the bank of Royal Bank of Scotland believes that higher cost of production is derived from the absence of workers who cannot return to their jobs due to the cancellation of flights.
There are reports that new ash cloud are spreading form south of Europe that are coming from eruption of Volcano in Iceland, threatening to undermine some of their efforts to open air traffic.