I understand that flights had to be canceled and people were left stranded. But what did they do, decide to give up and buy real estate where they were stranded? I mean, aren't they eventually – as soon as possible – going to buy another ticket and go to where they won't be stranded?If people already live in the area from which they intended to begin travel, and were stuck there – at home – they weren't stranded. They were unable to travel. And that's not what the news has been reporting. Unless the stranded people decided to live where they're stuck now (screw it, Honey, let's just buy a house here) the airlines have postponed sales, not lost them, right?
I have a confusion. I keep reading in the news that the effects of the volcanic eruption in Iceland led to a massive financial loss for the airlines. For example, in this morning's Los Angeles Times:
Critics accused authorities of having bungled their response to the airborne grit by imposing an unnecessary near-total flight ban that cost the airline industry $1.7 billion. [Link]