Delta Air Lines expects a $100 million hit due to travelers avoiding Paris during Olympics.

From CNBC: 2024-07-11 14:44:20

The Paris 2024 Olympic and Paralympic games are just three months away, with the logo displayed near the Eiffel Tower. But Delta Air Lines expects a $100 million hit this summer due to travelers avoiding the city for destinations elsewhere, affecting revenue forecasts. Prices for hotel rooms are set to surge in July and August as travelers opt for post-Olympics trips and alternative destinations. Delta also notes a spike in travel to Japan, benefiting from a favorable exchange rate for U.S. tourists.



Read more at CNBC: Delta CEO says Paris Olympics will cost it $100 million