Mother Nature's European CHAOS
- Thread starter FWAAA
- Start date
AANOTOK
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- Oct 10, 2009
- 4,627
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I guess it's whoever wants to manipulate the stock for that day!!
http://aviationblog.dallasnews.com/archives/2010/04/analyst-sees-100-million-impac.html
floatingon9
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- Mar 10, 2010
- 39
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eolesen
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- Jul 23, 2003
- 15,959
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If he was, y'all would be pissing and moaning about how it wasn't a good use of 24 hours of his time... The CEO of BA or AF/KL getting on a one hour flight where they live is another story.
Jamie, Bob and others can guess at the financial impact, but my opinion is simply that it's going to be huge and largely unquantifiable. Not knowing when it will end, it's anyone's guess on Day Five of the saga.
Sure, airlines saved money on fuel but they have to pay the expenses (plus TAFB?) for employees stuck on layovers (glad to see there's little to no shred of concern for those folks from you otherwise altruistic union folk) plus guarantees on those employees scheduled but cancelled. Since it happened mid-month, there's some chance to mitigate that, but not a lot . Then there's the loss of productivity on those aircraft as they sit on the ground.
Some leisure customers will rebook, but most will cancel outright, since they limited ability to rearrange personal time off.
Business travelers are likely to simply cancel as well, especially if it was participation in a conference or other activity which went on without the people from across the pond.
The effect of this goes way beyond airlines... Companies who had employees stranded on either side of the Atlantic incurred all those extra hotel & meal expenses, and who knows how much money was lost due to canceled meetings, conferences, etc. I was supposed to be at a meeting we'd been planning for months, and it got scrubbed due to participants not being able to get out of France. It's postponed, but at the cost of a dozen people's time spent organizing and now lost productivity, and we've also incurred lost deposits on catering, meeting space and hotel rooms (which in turn still won't fully cover the lost revenue to the hotel we'd planned to use).
Add that up across a couple thousand companies, and you get some huge numbers...
There's now a smaller ash cloud floating about from yesterday's eruption, but it's at a lower altitude, so hopefully it should only screw up shorthaul flying...
Jamie, Bob and others can guess at the financial impact, but my opinion is simply that it's going to be huge and largely unquantifiable. Not knowing when it will end, it's anyone's guess on Day Five of the saga.
Sure, airlines saved money on fuel but they have to pay the expenses (plus TAFB?) for employees stuck on layovers (glad to see there's little to no shred of concern for those folks from you otherwise altruistic union folk) plus guarantees on those employees scheduled but cancelled. Since it happened mid-month, there's some chance to mitigate that, but not a lot . Then there's the loss of productivity on those aircraft as they sit on the ground.
Some leisure customers will rebook, but most will cancel outright, since they limited ability to rearrange personal time off.
Business travelers are likely to simply cancel as well, especially if it was participation in a conference or other activity which went on without the people from across the pond.
The effect of this goes way beyond airlines... Companies who had employees stranded on either side of the Atlantic incurred all those extra hotel & meal expenses, and who knows how much money was lost due to canceled meetings, conferences, etc. I was supposed to be at a meeting we'd been planning for months, and it got scrubbed due to participants not being able to get out of France. It's postponed, but at the cost of a dozen people's time spent organizing and now lost productivity, and we've also incurred lost deposits on catering, meeting space and hotel rooms (which in turn still won't fully cover the lost revenue to the hotel we'd planned to use).
Add that up across a couple thousand companies, and you get some huge numbers...
There's now a smaller ash cloud floating about from yesterday's eruption, but it's at a lower altitude, so hopefully it should only screw up shorthaul flying...
star power
Advanced
- Dec 9, 2005
- 129
- 1
A friend of mind was scheduled to fly LHR-MIA on BA for a business trip on thr Apr 15, 2010, when they got in the volcanic ash cloud airport shutdown event in the UK.
They went to a agent at IB in LHR and ask with thevy could get him to MIA on a IB flight from MAD, the agent said yes, He then ask if IB would accepted the BA ticket and change the routing from LHR-MIA-LHR, to MAD-MIA-MAD with a departure on the 17 Apr from MAD and a return on 26 Apr to MAD, The IB agent said yes, but they would have to check with BA first, and a BA agent would have to contact the IB agent that they where talking to, to get the BA agent ok, which they did.
The IB agent ask him how he was going to get to MAD by the 17 Apr, He said by rail, at his expense. The agent said the trains from LON to MAD may be full, He told them that he's has his res and tic pay for already before he contacted IB, just in case, he said all he needed was BA and IB to commuicate.
He said the trains was full, and a long ride, with all the connections, but it was do-abowl.
He said if only the airlines in their alliances and the goverments would commuicate on day one of the airspace shutdown to re-route these passengers, he said a lot of the suffuring could of been shorten. he said if he would of taken AA on the LHR-MIA-LHR he may still be stuck in LHR or MAD, because of the BA, IB deal it made thinks easier.
I told him that the goverments ask the rail company to add extra services to their systems to move the people to other countries with no or least restricted airspace problems with the ash clouds.
He said if the passenger paid 1/3 and the airline paid 1/3 and the goverments in the affected airsplace paid 1/3 of the cost for a train ticket to the a airport in a country that has no or least restricted airsplace, then the passenger should not complain, since the volcanic ash cloud is a nature event, but the management of a event like this is a business and goverment problem.
I told him if AA would put extra flights to/from the US to Spain, if they could contact their passengers at the effected airports with the closed airspace, that if the passengers could get to any international airports in Spain that AA would put a extra flights to MAD, BCN, and start a flight to/from ACP. If AA would do that, thats a different story.
They went to a agent at IB in LHR and ask with thevy could get him to MIA on a IB flight from MAD, the agent said yes, He then ask if IB would accepted the BA ticket and change the routing from LHR-MIA-LHR, to MAD-MIA-MAD with a departure on the 17 Apr from MAD and a return on 26 Apr to MAD, The IB agent said yes, but they would have to check with BA first, and a BA agent would have to contact the IB agent that they where talking to, to get the BA agent ok, which they did.
The IB agent ask him how he was going to get to MAD by the 17 Apr, He said by rail, at his expense. The agent said the trains from LON to MAD may be full, He told them that he's has his res and tic pay for already before he contacted IB, just in case, he said all he needed was BA and IB to commuicate.
He said the trains was full, and a long ride, with all the connections, but it was do-abowl.
He said if only the airlines in their alliances and the goverments would commuicate on day one of the airspace shutdown to re-route these passengers, he said a lot of the suffuring could of been shorten. he said if he would of taken AA on the LHR-MIA-LHR he may still be stuck in LHR or MAD, because of the BA, IB deal it made thinks easier.
I told him that the goverments ask the rail company to add extra services to their systems to move the people to other countries with no or least restricted airspace problems with the ash clouds.
He said if the passenger paid 1/3 and the airline paid 1/3 and the goverments in the affected airsplace paid 1/3 of the cost for a train ticket to the a airport in a country that has no or least restricted airsplace, then the passenger should not complain, since the volcanic ash cloud is a nature event, but the management of a event like this is a business and goverment problem.
I told him if AA would put extra flights to/from the US to Spain, if they could contact their passengers at the effected airports with the closed airspace, that if the passengers could get to any international airports in Spain that AA would put a extra flights to MAD, BCN, and start a flight to/from ACP. If AA would do that, thats a different story.
