Paris Olympics a drag on revenues for Air France, Delta; will cost millions
How are the Paris Olympics affecting Air France revenues?
The Paris Olympics are negatively impacting Air France's revenues due to a decline in travel to Paris over the summer6. The airline warned of a revenue shortfall at its French operations as passengers are avoiding Paris to skip possible disruptions and high prices during the Olympic Games1. Air France estimates the negative impact on its unit revenues for the June-August 2024 period to be in the range of €160 million to €180 million.
What is Delta's revenue impact from the Paris Olympics?
Delta Air Lines is facing a $100 million financial hit this summer as travelers avoid Paris due to the Olympics, according to CEO Ed Bastian5. The airline's unit revenues are negatively impacted by lower demand for Paris from June to August1. Despite this, Delta's third-quarter profit and revenue forecast remains strong, with a 2-4% increase in revenue anticipated.
When is the Opening Ceremony of the Paris Olympics?
The Opening Ceremony of the Paris Olympics is scheduled for July 26, 2024. This event will take place along the Seine River and marks the beginning of the Summer Games, which will continue through August 11, 2024.