Delta Air Lines yesterday said it had cancelled around 400 flights and lost an estimated $20 million through April 19, or around $5 million per day, owing to the closure of European airspace. The figure seems to be in line with estimates by J.P. Morgan that aggregate losses for US airlines will be "kept to within $100 million" based on a seven-day disruption. In a report released Monday, the investment firm noted that "transatlantic operations account for no more than 8% of operations for ...

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