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Economic fallout from travel chaos

Europe on 18 April ordered a probe into billions of euros potentially lost since an Icelandic volcano erupted, prompting the biggest airspace shutdown since World War II.

Millions of travellers remained stranded across the continent on Sunday, with about 30 countries closing or restricting airspace amid safety fears since the volcano first began spewing out clouds of fiery ash miles into the sky last Wednesday.

The International Air Transport Association has warned that the travel mayhem is costing airlines more than USD200 million dollars a day, prompting anger over safety testing mechanisms and suggestions that companies could require state aid like broken banks.

(Source: Bangkok Post)