This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Iceland Volcano: Impact on the Airlines

(Article on the airlines and the Iceland volcano updated with latest news on ash cloud disruptions)

NEW YORK ( TheStreet) -- Three major European airports have resumed services on Monday, May 17, after a thick cloud of volcanic ash from Iceland cleared up and a no-fly zone was lifted, the Associated Press reported.

As many as 1,000 flights in Europe were disrupted, mainly by closures at London's Heathrow and Gatwick airports and Amsterdam's Schiphol Airport. Though flights have resumed at these hubs, authorities are urging travelers to contact their airlines before heading to the airport, warning that it would take time for the airlines to clear the backlog of delayed flights.

[MAY 17: Travelers check the departure information board outside Terminal 3 of Heathrow Airport on May 17, 2010 in London, England. A cloud of volcanic ash from Iceland has again caused disruption to UK flights.]

Bloomberg reported that British Airways had experienced significant disruptions to it services, while major Europe discount carrier Ryanair had to cancel over 200 flights. Air France-KLM had to redirect flights bound for various cities in Europe.

Cathay Pacific Airways (CPCAY) redirected two flights headed for London and one bound for Amsterdam from Hong Kong, and Singapore Airlines diverted two European-bound flights as well, according to Bloomberg.

Air traffic control agency Eurocontrol said 28,000 flights were expected in Europe on Monday, roughly 1,000 less than usual.

On Friday, May 14, CNN reported that ash from the Eyjafjallajokul volcano had led to the closure of Iceland's main airport, Keflavik International Airport, in Reykjavík.

As demonstrated by the ash clouds' return this month after a period of silence following its April outburst, they could be gone one moment and back again another, unannounced. It appears, then, that airlines and travelers will have to deal with the Iceland Eyjafjallajokul volcanic ash cloud nuisance for an indefinite amount of time, given the challenges of predicting where the wind will carry the debris next.
1 of 11

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
LCC $0.00 0.00%
DAL $41.91 1.20%
RYAAY $79.29 -1.00%
CAL $23.84 -4.30%
AAPL $93.10 -1.20%


Chart of I:DJI
DOW 17,638.52 -22.19 -0.13%
S&P 500 2,042.95 -7.68 -0.37%
NASDAQ 4,695.9680 -21.1260 -0.45%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs