Air France-KLM Faces €180 Million Revenue Hit as Tourists Avoid Paris During Olympics

The airline reports a significant drop in summer travel to Paris, with both international and local tourists altering their plans.

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.