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Air Controller Strike Costs Spain EU400 Million, Expansion Says

Dec. 6 (Bloomberg) -- A strike by Spanish air traffic controllers which crippled flights in and out of the country for a day cost the nation’s tourism industry 400 million euros ($534.6 million), Expansion reported.

Losses for airlines, hotels, restaurants and leisure companies are estimated to have already reached 400 million euros and Spain’s image as a tourist destination has been discredited, the newspaper said, citing Juan Iranzo, the director of the Instituto de Estudios Economicos in Madrid.

To contact the editor responsible for this story: Sharon Smyth at ssmyth2@bloomberg.net

To contact the editor responsible for this story: Andrew Blackman at ablackman@bloomberg.net.

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