Skift Take
The suggestions are surely well-founded, but airlines and airports in this market are unlikely to adopt policies demanding short-term investments - even if they do offer long-term returns.
Around 3.1 billion passengers per year travel the world by air, and when that travel is disrupted, everyone loses money.
The 2010 Iceland volcano that rendered Northern Europe's airspace unpassable for six days cost airlines an estimated $1.7 billion in losses, for example, and in the year after September 11th, the industry lost $22 billion, according to the International Air Transport Association (IATA).
Researchers studied these two disasters for a report out today on the effects of disasters, natural and otherwise, on air travel and airports throughout the world. Using complex calculus that considered each airport's total traffic, c
