by Sarah J.F. Braley | April 21, 2010

The rash of canceled flights to the U.S. in the past week caused by the erupting volcano in Iceland has cost the U.S. economy $650 million, according to the U.S. Travel Association. Roger Dow, president and CEO of the USTA, said the average loss of $130 million per day illustrates how the world has come to depend on travel for tourism and business of all kinds. "While safety must always be the primary consideration, economies, particularly those recovering from recession, cannot afford an overreaction that stifles travel completely," he said in a statement.