variant(s) volcancelation, vulcancellation
1. the act or instance of canceling, delaying, postponing, and generally ruining a scheduled flight or travel plan due to an Icelandic volcanic eruption and its ensuing ash plume.
"Hey man, I thought you were supposed to be in Vienna?"
"Yeah, well, thanks to the Eyjafjallajökull eruption, it's been one volcancellation after another, and its impossible to get through to the airline and rebook my flight! Its a nightmare!"