"The volcanic ash cloud has created an unprecedented situation," European Commission President Jose Manuel Barroso said in a statement.
"I have asked (EU Transport Commissioner Siim) Kallas to coordinate the Commission's response and fully assess the impact of the situation created by the volcanic ash cloud on the economy, and the air travel industry in particular.
"It is important that all measures to be considered are coordinated at the European level."
Barroso said Kallas would be helped by Competition and State Aid Commissioner Joaquin Almunia and Economic and Monetary Affairs Commissioner Olli Rehn.
He said he had asked Kallas to look into the possibility of holding an extraordinary meeting, or video conference, of EU transport ministers to assess the situation.
Earlier, the Spanish EU presidency said EU ministerial meetings due to be held on Monday had been postponed because of flight cancellations caused by the spread of volcanic ash.
These included meetings of EU agriculture and fisheries ministers due to be held in Luxembourg and a conference between the EU and Croatia on the latter's EU accession bid due to have been held in Brussels, the presidency said.
A meeting of EU telecommunications ministers in Granada on Monday will go ahead, the presidency said in a statement.
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