European airlines

As we all know, the recent volcanic eruption has left the European airlines floundering. In fact, many of the other airlines are affected as well, and this includes those that are flying towards Europe.


Airlines have got the closed sign up and are hemorrhaging revenue every day. It started having a major impact for UK carriers but now it's become pretty well a Europe-wide phenomenon.



With the volcano cloud still present in the air, the airlines simply cannot operate due to safety concerns. And if the flights are stuck, their profits will plummet along with heavy charges. They will have to reschedule flights and these will involve lots of unnecessary operational costs with no profits.

There will be huge bunch of disgruntled customers for sure and a lot has to be done to house these customers for most of them have no place to live for the time being.


Arrangements have to be done to help reschedule these people and help them find a place to live in before they take off in another flight.


But the main concern here is that the revenues lost a day is brobdingnagian. In fact, its been costing the airlines more than 230 million euros in a single day !

Enough about all the griping about the revenues lost.


There are many more concerns that are of higher priority. This includes the delivery of food, services, goods, medical supplies and various other exports overseas. All these delays can actually cost the European economy a gargantuan amount of loss.


As we all know, the European economy is one of the worst right now, considering that we are actually witnessing recovery in the United States. Right now, the European economy is still receiving aid and they are still floundering.


With the latest volcanic eruption, it has just exacerbated the already emasculated economy further. Now, Europe really has to scrutinize every single move they made for it might cost them heavy repercussions if there were to be one mis-step.


Workers are not able to work, exports are not being exported, imports are not coming in either and worse still the economy is still in its nascent recovery stage.


On top of all that, we have the fraudulent case tied hand in hand to Goldman Sachs, one of the leading Wall Street Bank.


Trouble just keep coming, don't they?


Yep, that's all for now, let's pray hard for all this to be over and may we live happily ever after, NOT!


Credits -yahoo, -rotor, -sindhtoday