Global airlift hit 250 million dollars a day

The airline industry said the losses caused by the massive grounding were more than the economic shock of the terrorist attacks.　　Economists predict that the European economy may even regress if the airline industry fails to return to normal. 19th, the International Air Transport Association will increase the airline industry's estimated losses from 200 million U.S. dollars a day to 250 million U.S. dollars.　　Basignani, Director-General and chief executive of the association, said the losses did not include the costs that airlines would pay to change routes and compensate passengers. "The volcanic eruption hit the air transport industry ——— first in Europe and now expands to the world. The economic impact of the airline industry has been worse than the loss of 3 days after the US closed its airspace. Some airlines ' shares fell 19th.　　Air France's shares fell nearly 7% after opening. Industries outside the air transport industry have been hit by fish ponds. Large-area grounding has cost about 30 million dollars to the largest travel company in Europe. If the grounding lasts for months, the loss of tourism could cut Europe's economic growth by 1%-2% this year, meaning the economy will stagnate or even shrink, says Rossi, an economist at the Royal Institute of International Studies. The European Commission's competition commissioner, Mr Almunia, said 19th that the airline had suffered huge losses and that the EU could consider authorizing governments to provide government subsidies to those companies. Xinhua News Agency