iceland volcano

Ryanair Earnings Fall 24% on Impact of Icelandic Volcano

Ryanair Holdings Plc (RYAAY), Europe%u2019s largest discount airline, reported a 24 % decline in quarterly earnings on the impact of the Icelandic volcano that caused travel chaos in the spring. Net income for the quarter ended June 30 was 93.7 million euros ($122 million), compared with 123 million euros for the year-ago quarter, the company said in a statement. Operating revenue rose 16% year on year to 896.8 million euros.

Europe Slowly Begins to Get Out from Under Volcano

As airspace slowly reopens in parts of Europe and some airlines restart their service, the continent's aviation industry and the E.U. are trying to adjust to the historic economic disruptions brought on by ash from the Iceland volcano.

Volcanic Ash Casts a Cloud on Book Publishing

Airlines aren't the only industry to suffer from the ash the Icelandic volcano Eyjafjallajokull is spewing. The book industry also has fallen prey to the flights that have been canceled as a result. One of the largest trade fairs has seen a severe decline in attendance, while authors' book tours get canceled and book shipping gets delayed.