Originally Posted by
flyingcrooked
AF is specifically blaming the fall on a decline in traffic into and out of Paris, Paris in particular. So that situation seems to be fundamentally different than whatever is affecting AC, where traffic into/out of Paris would be only a small portion of TATL revenue. (AC says they cut TATL capacity on the assumption that Euro folks would, in general across the continent, reduce their TATL travel with an Olympics taking place within Euro.)
That quote is from a July 1 press release. The July 25 report on the quarter puts the Olympic impact at 40 million. I have no idea why just over 3 weeks later the number is so different.
The Euro Cup had a negative effect added on the Olympic impact. Also, the security issue in Europe because of these major events had a impact.