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Air France and Transavia France Report Reduced Bookings During Olympics, Impacting Revenue by up to €180 Million
Air France and Transavia France have indicated that they expect a decrease in bookings for flights to and from Paris due to the Paris Olympics.
There is a significant trend of people avoiding Paris, with trips to the city less frequent compared to other major European destinations. There is also a reduction in demand for flights departing from Paris, as residents of France consider postponing their vacations until after the Olympics or exploring alternative destinations. A return to normal levels is expected after the Olympics, with demand from the end of August through the end of September looking positive.
This could impact revenue from June to August by €160 million to €180 million. Although there is no current impact on the financial outlook, further details will be announced on July 25.
The translation may not be accurate.