This is a joint post with Christopher Ksoll.
Since the volcanic eruption in Iceland on April 14th, we have been inundated with stories about flight disruptions. Demi Moore can no longer travel to the premiere of her new movie in London. The opening of “Iron Man 2” has been moved from Europe to Los Angeles. Millions of passengers have been stranded in the US, Europe, Africa and Asia, as airports from Manchester to Munich to Milan were closed. And now the International Air Transport Association (IATA) is urging European governments to find ways to “compensate” the airlines for over USD$ 1 billion in lost revenues.