Ash Cloud is Clearing over Europe as Iceland’s Volcanic Eruption Ends CheapOair Staff May 24, 2010 general Iceland's ash cloud slowing down It looks like Iceland's Eyjafjallajökull volcano has finished erupting, making European airspace ash-free for the first time in almost six week. Millions of passengers have been stranded at airports with airlines losing billions of dollars in revenue. The last remains of the ash cloud are expected to dissolve by 5pm London time Monday, making many people in the airline industry breathe a collective sigh of relief. European airlines have enjoyed a week of uninterrupted flights, as the monce mighty ash cloud has dwindled down to nothing more than steam coming out of the crater in Iceland. The Icelandic Met Office stated that no magma is coming out of the volcano which is a good sign and that the cloud is currently hovering only 7,000 to 10,000 feet. But before you think that Iceland's volcano is closed for business, volcanic experts out of London's Met Office warn of future eruptions as the volcano could continue to erupt at a much higher intensity within the next few days. Iceland's Eyjafjallajokull volcano originally erupted in mid-April and subsequently grounded thousands of flights throughout Europe for nearly a week. Since then Europe has seen periodic delays and cancellations of flights, causing headaches for travelers and hitting airlines hard in their wallets. Source: Business Week