Iceland volcano or airline industry loses 1.7 billion dollars

On the sixth day of the Icelandic volcano, the cloud of ash gradually weakened and major airlines resumed some European flights.　　Air China (601111.SH), which has the largest number of flights to Europe, has resumed all European flights since yesterday and is closely monitoring the situation, keeping in close contact with the European Civil Aviation Department and the local sales department to focus on local weather conditions.　　Air China's chief Huang told reporters that at present the airline's revenues to Europe accounted for about 12% of the company's total revenue, the volcanic ash caused by the suspension of flights to the company has impact, but the impact is small, the future recovery of stranded passengers caused by the surge in demand can further compensate for the loss of income. One of the three major airlines St East (600115.SH) also yesterday resumed the departure from Pudong in Moscow, Frankfurt, Paris, European regular flights, and emergency deployment of capacity, the use of large aircraft Airbus A346, A343 overtime flight.　　St general manager Machalen told reporters that the eastern airlines due to the Icelandic volcanic ash suffered losses are expected to tens of millions of dollars.　　Southern Airlines (600029.SH) will also resume flights between China and Europe from 22nd.　　Meanwhile, flights from foreign airlines to Europe have resumed. But the suspension of flights caused by the volcanic ash has caused huge losses to the global civil aviation industry. International Air Transport organization IATA also announced yesterday that as of Tuesday, the Icelandic volcano eruption on the sixth day, the ash has caused the global aviation industry loss of 1.7 billion of dollars.　　IATA official said that the ash pollution in the most serious 17-19 days three days, the loss of 400 million U.S. dollars daily. Previously, media reports said the ash could drift to China. In this respect, St general manager Machalen said that the volcanic ash is expected to have little impact on the domestic, even if the drift to China also due to low density, weak impact.