Air France-KLM's Q3 earnings fell short due to decreased travel to Paris during the Olympics.

Air France-KLM reported lower-than-expected third-quarter earnings, attributing a 160 million euro revenue loss to reduced travel to Paris during the Olympic Games. Their operating profit was 1.18 billion euros, below the forecast of 1.24 billion euros and down from the previous year. The company's stock dropped nearly 12%, reflecting a 41% decline this year. Despite strong overall demand, the Olympics negatively impacted international travel to Paris.

November 07, 2024
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