Page last updated at 20:20 GMT, Tuesday, 20 April 2010 21:20 UK

BAA says travel chaos costing it up to £6m a day

Heathrow airport
Most BAA airports have been closed since midday on Thursday

UK airports operator BAA has said that the ban on flights as a result of the volcanic ash cloud was costing it between £5m and £6m a day.

However, it said it did not believe that the closure of its airports would have a "material impact" on finances.

BAA operates six airports in the UK, including Heathrow and Stansted.

Separately, Irish airline Aer Lingus said that the disruption of the past five days had cost it 15m-20m euros ($20.2m-$26.9m; £13.2m-£17.6m).

The carrier said it was currently losing 4m-5m euros a day.

However, Aer Lingus added that it had "substantial cash reserves" and could "withstand a sustained closure of airspace".

Rising costs

On Tuesday morning, some flights took off from BAA airports at Glasgow and Edinburgh before airspace was temporarily closed again. Until then, all BAA's airports had been closed since midday on Thursday.

All UK airspace was due to opne at 2200BST on Tuesday.

BAA AIRPORTS
Heathrow
Stansted
Glasgow
Edinburgh
Aberdeen
Southampton

In a statement, BAA - which is owned by Spanish firm Ferrovial - said it was working with National Air Traffic Services, airlines, regulatory authorities and the government to ensure its airports were ready to reopen at short notice.

And it said that it should have enough money to cover the losses caused by the shutdown.

"BAA entered this period of flight suspensions with sufficient available funds to mitigate the closure of British air space for a considerable amount of time," the company said.

"Right now, we don't think the airports' closure will have a material impact on our regulated airports' abilities to finance their activities," it added.

On Monday, British Airways said it had asked the European Union and the UK government for financial compensation for the disruption, adding that the shutdown was costing it £15m-£20m a day.

Also on Monday, Europe's biggest travel operator, TUI Travel - the owner of Thomson and First Choice - said the disruption was costing it between £5m and £6m a day.



Print Sponsor


RELATED INTERNET LINKS
The BBC is not responsible for the content of external internet sites

FROM OTHER NEWS SITES
Yahoo! UK and Ireland Britain's airspace reopens for business - 32 mins ago
Sky News Heathrow Services 'Returning To Normal' - 39 mins ago
Guardian.co.uk UK airports face continued disruption as volcano flight ban ends - 3 hrs ago
Observer Iceland volcano - UK flights resume - 5 hrs ago
Press Association Passengers return after rules eased - 12 hrs ago


FEATURES, VIEWS, ANALYSIS
Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit

BBC navigation

BBC © 2013 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Americas Africa Europe Middle East South Asia Asia Pacific