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Canada's air travel industry is losing up to $4 million a day on flights grounded by volcanic ash clouds in one of the world's busiest flight corridors, airline analysts estimate… Karl Moore, a business professor Ï㽶ÊÓƵ who follows the airline industry, estimated that Air Canada would lose over $2 million a day and pegged Air Transat's loss at about $750,000. He said any residual losses to the industry after all customers have flown will likely be passed on to consumer's ticket prices. "If you look at the fees from the airports it's a couple thousand dollars per plane...and it's serious money for Transport Canada, which they will pass on to you and I."

Canadian Business, Winnipeg Free Press (and others, widespread coverage)

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