Air France-KLM's disappointing earnings were significantly influenced by reduced travel to Paris during the Olympic Games, leading to a notable decline in revenue.
The airline group noted an operating profit of 1.18 billion euros, which fell short of analysts' expectations, highlighting the adverse effects of the Olympics on travel patterns.
Air France-KLM attributed a loss of 160 million euros in revenue directly to this summer's Paris Olympics, in part due to international avoidance and local holiday postponements.
In contrast, London Heathrow prospered during the same period, indicating a shift in traveler behavior where potential Olympic visitors favored other European destinations over Paris.
Collection
[
|
...
]