Delta Faces $100 Million Loss as Paris Olympics Deter Tourists

The upcoming Summer Olympics in Paris are leading to a significant drop in travel demand, impacting Delta's revenue projections.

Delta Air Lines anticipates a $100 million hit due to reduced travel to Paris this summer.
The airline's joint venture with Air France holds a 70% market share in U.S.-France nonstop flights.
Air France also reports a revenue loss of approximately $196 million for the same period.
High hotel prices and political instability in France contribute to the decline in tourism.
Delta expects travel demand to rebound after the Olympics end in mid-August.