Overview

• Air France-KLM anticipates a revenue shortfall of up to €180 million due to reduced travel to Paris during the Olympics.
• The decline is attributed to tourists avoiding potential disruptions and high prices in the city.
• French residents are also postponing their holidays until after the Games, further impacting airline revenues.
• Despite the downturn, Air France-KLM expects travel to normalize by the end of August and September.
• Increased capacity from airlines like Ryanair has not offset the reduced demand for travel to Paris.