ASH CLOUD: Icelandair details financial cost of ash cloud

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Icelandair Group is estimating the cost of the volcanic disruption to its operations at IcKr100 million ($790,000) daily.

While its Reykjavik base is located to the north of the Eyjafjallajokull volcano, meaning that Icelandair's services to the USA have been unaffected, the carrier has faced problems with European connections.

Icelandair Group adds that its Icelandair Cargo and Bluebird divisions, and its travel arms, have also been hit.