The magma dyke under Grindavík extends out under the ocean; if it reaches the surface there, the eruption will be explosive and potentially disruptive to air travel. However, the latest news I have seen says that they currently think it’s more likely to erupt on land, to the north east of Grindavík. The best place to get updates is the Iceland Met Office, https://en.vedur.is/
There’s always a chance, although the annual eruptions over the past three years had a negligible impact on air travel.
The eruption site is only around 20 km (12 mi) from Iceland's main international airport, Keflavik International Airport. Due to the eruption's effusive nature with little to no ash production, it is not considered a risk to air traffic. [1]
Iceland has a small population and a large power grid. They can survive a lot of power generation failing before things like airports start losing power.
Lol, I like it. I kinda wish we'd do that in software status pages too. "This is a test of our emergency status page. This is only a test. It's also the only time you'll actually see red on this page."