Air France-KLM Group and Delta Air Lines both said their unit revenues were seeing a negative impact from lower demand for Paris from June to August thanks to the Olympics.
The Paris Olympics are causing a drag on revenues for two airlines. Their comments came as the Summer Games are rapidly approaching. Paris, the city hosting the festivities this time, will hold the Opening Ceremony on July 26.
We are seeing about a $100 million impact on travel to Paris for the Olympics from June to August," Delta President Glen Hauenstein told analysts and investors on Thursday during the company’s second-quarter earnings call. "Outside of this temporary event, summer travel demand to Europe is strong and consistent with our expectations." Hauenstein also said the Atlanta-based carrier "see a very robust fall demand for transatlantic" beyond the Olympics.
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