HBR - Rising From the Ash: The Need for Risk Strategy

The sudden and massive cancellation of over 90,000 flights in Europe caused by the eruption of Iceland's Volcano Eyjafjallajoekull proved again how nature's volatility can wreak havoc with global business. And while the skies might be opening up to some extent now, the economic impact is already staggering and being felt around the world. European air carriers bore the brunt of the damage, and in addition to lost revenues, their share prices took big hits with the German flag carrier Lufthansa dropping 2.1 percent. Asian carriers with European destinations lost about $40 million per day. Read full article here