Sunday, April 18, 2010
Icelandic volcanic regulation
As many of you probably know, recent volcanic activity has shut down a lot of airline travel in Europe. The regulatory travel agencies in Europe made the decision to shut down air travel, and now airlines are complaining that the threat is minimal and that the shut down of airports is overkill. I found this to be an interesting example of regulation versus consumer choice in the marketplace. Not allowing it may be the safest option, but allowing it would let consumers decide for themselves knowing full well that it might be dangerous.
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This is an interesting topic because it touches upon ethical issues. Airlines are losing money by having to cancel flights but if the airlines were to fly, it could be harmful to its customers and the airplanes themselves. should airline's be able to have the decision to take the risk?
ReplyDeleteThe Canadian airline industry is loosing $4 million dollars per day on flights grounded by volcanic ash in one of the worlds most busiest flight corridors. As large of a loss as this is, I dont believe the airlines that operate in this corridor are interested in being involved in any potential lawsuits or dangerous flight paths.
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