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Volcano in Iceland Still Limiting Air Travel
April 19, 2010

NEW YORK (TheStreet) -- The volcano in Iceland is still limiting air travel across Europe Monday

Eurocontrol, the air traffic control agency, said European airlines were expected to fly between 8,000 and 9,000 of their 28,000 scheduled flights on Monday because of a ban on flying in major parts of Europe, the Associated Press reports. Volcanic ash can cause engine failure.

Eurocontrol said airspace in southern Europe, including Portugal, Spain, parts of Italy and France, the Balkans, Bulgaria, Greece and Turkey, and parts of northern Europe is open, AP reports.

The International Air Transport Association estimated Friday the financial impact on major air transport of the Iceland volcanic eruption will be more than $200 million a day in lost revenue.

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