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(Yahoo! News) — – Airlines lost at least $1.7 billion during the volcanic ash crisis, the industry said Wednesday as air controllers lifted all restrictions on German airspace, paving the way for more flights into some of Europe’s busiest airports.

Giovanni Bisignani, the head of the International Air Transport Association, called the economic fallout from the six-day travel shutdown “devastating” and urged European governments to examine ways to compensate airlines for lost revenues, as the U.S. government did following the Sept. 11, 2001 terror attacks.

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