Paris Olympics to negatively impact Air France-KLM’s third quarter by nearly €200 million

Air France-KLM’s third quarter unit revenues are expected to be negatively impacted by around €150-170 million as a result of the Paris Olympic Games 2024 this summer. The company said in its second quarter results its operating result in the period had already been impacted by the games to the tune of around €40 million, with its operating results totalling €513 million, down from €733 million a year prior. Its operating margin during the quarter was at 6.5%. “The second quarter of 2024 confirmed an increasingly challenging environment for aviation, with rising fuel prices and a continued pressure on costs,”