Volcanic ash has airlines breathing fire

While airlines are counting their losses after the flight disruption, ferry groups have never had it so good

24th April, 2010

The unforeseeable travel chaos prompted by the activities of an Icelandic volcano has thrown another curveball at the travel industry.

As Ryanair and Aer Lingus coped with a shutdown of European airspace, Irish Ferries owner Irish Continental Group (ICG) became indispensable to stranded travellers, after already impressing the market with its resilient business model and diminishing debt levels.

The grounding of airlines signalled a boon for ICG, which has lost trade to cheaper air travel...

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