Airline turbulence could extend into the summer

THE airline industry, which is losing around €150 million a day, could suffer even further this summer as consumers worry about potential disruptions.

Analysts said airlines’ earnings are also being hit by fewer passengers making late bookings as a result of the disruption from the volcanic eruption in Iceland. Since the markets closed on Wednesday evening, almost half a billion euro has been wiped off the value of Ryanair and Aer Lingus.

Goodbody stockbrokers said daily losses for Ryanair could be as much as €12m and around €4m for Aer Lingus.