It is the fifth day since the Eyjafjallajokull volcano erupted, sending a cloud of volcanic ash over the European continent, grounding airlines and shutting down airports due to safety concerns. Now, in the face of losing US$200 million per day, the airlines are calling the decision to close air space “a European mess” and IATA, the body that represents the world’s airlines, have criticised Europe’s governments for their decision to handicap the airline industry.
