Overview

• Air France-KLM's third-quarter operating profit fell to €1.18 billion, missing analyst expectations of €1.24 billion.
• The group attributed a €160 million revenue loss to decreased international travel to Paris during the Olympics.
• The airline's stock dropped nearly 12% following the earnings report, with a year-to-date decline of 41%.
• CEO Benjamin Smith highlighted the Olympics' non-financial benefits, such as showcasing operational capabilities and promoting France.
• The company faces additional challenges, including rising unit costs, maintenance expenses, and potential new aviation taxes.