Delta Air Lines says Paris isn’t a priority anymore, so the Olympics will cost $100 million.

(VOR News) – The fact that Delta Air Lines is currently going through financial difficulties is a wonderful development that has occurred as a direct result of the Olympics.

This has been a development that has been favorable. Delta Air Lines is expected to suffer a loss of roughly one hundred million dollars as a consequence of the decreased number of customers who will be traveling to Paris directly as a direct result of the games.

This is anticipated to be the case. In spite of the fact that the airline had previously shattered all records, the revenue that it generated during the second quarter was more than any previous record. This result was not in line with the airline’s expectations.

It is not possible for anyone to be surprised by this particular chain of occurrences, if we are being completely honest.

Individuals who are enthusiastic about attending international competitions to watch their favorite athletes compete for the United States are not the same as those who are responsible for the financial success of the company.

According to Delta Air Lines president Glenn Hauenstein.

Who reported this information to the analysts during the earnings call for the previous quarter. This is the sentiment that Hauenstein voiced when we were on the call.

A statement was issued by Hauenstein while the call was in progress. During the time when the call was still in effect, Hauenstein made the statement that was coming up for discussion.

He emphasized in his remark that the Olympics do not add to the revenues of airlines. He said this several times. It is the statement that he made that I am referring to.

I am of the opinion that this year does not constitute an exception to that rule, which only helps to make the situation even more difficult to deal with. It is my opinion that this is the situation.

Taking this into consideration, we acknowledge that Paris must overcome a few Delta Air Lines challenges, despite the fact that we believe the atmosphere to be quite favorable for Europe as a whole. This is the consequence of a number of different types of problems.

Due to the fact that the Olympic Games are getting closer, it is not unusual for business travelers to avoid making visits to and from the local marketplaces. The reason for this is that the Olympics are drawing nearer and closer the more time passes. As a consequence of the Olympics’ impending visit, this has come about.

Additionally, Air France has a loyalty program with Delta Air Lines.

According to the retailer, the Olympics contributed to the sluggish sales at the beginning of this month. Delta Air Lines is a partner of Air France.

Furthermore, a large number of other airlines were in agreement with this suggestion. A commercial endeavor is being developed through a partnership between Delta Air lines and Air France.

To be more specific, the overall cost of the crash was 189 million dollars. Please take this into consideration. In particular, this amount was the one that was in question.

According to the most current annual report that Delta has released, which is accessible to the general public, passengers who travel across the Atlantic Ocean account for around twenty percent of the company’s yearly passenger income.

That Delta Air Lines has provided us with this knowledge is something for which we should be grateful. When one takes into consideration the fact that demand in that particular area of the organization is beginning to diminish, it is only normal to be concerned about the situation.

This is the consequence of a decline in the level of demand. In contrast, Delta is of the opinion that the drag competition that is being held at the Olympic Games ought to be finished by the month of September.

One of the things that Hauenstein shared with investors this week was that “we observe a very robust fall demand for Transatlantic as we consider the period beyond the Olympics.”

This was one of the things that Hauenstein disclosed. He gave this information to investors as one of the things that he disclosed.

SOURCE: QZ

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