OPODO could make a profit by 2007 after seeing its losses halve in 2004.
Chief executive Simon Vincent said the online agency has more than doubled turnover from €400 million to €1 billion for 2005.
In the 19 months since Amadeus took over in June 2004 it has expanded from three European markets to nine, with an Italian site launched last week.
The company has also moved into tour operating, buying five companies, including UK long-haul operator Quest Travel for £1.2 million.
Vincent said the business will break even this year and is “way ahead of expectations”.
“We were cash positive during the peak summer months last year,” he said. “We have a clear path to profitability balanced with driving value.”
Vincent boasted Opodo is “bigger than Ebookers in the UK for gross sales,” although not as big as Expedia.
However, he said it was hard to compare the company’s profitability with rivals such as the Lastminute.com group and Expedia because the companies do not break out their European financial results from their US operations.
Vincent admitted Opodo had “drifted for a year or so” before Amadeus took over and “transformed it”.
“Opodo came a little late to the game in the UK,” Vincent said. “It did not start to gain real traction until Amadeus came along.”
The global distribution system supplier bought an original 55% managing stake for e62 million and has since increased its holding to 74%.
The nine European airlines that founded the online agency in 2001 – Air France, British Airways, Lufthansa, Alitalia, Iberia, KLM, Finnair, Aer Lingus and Austrian Airlines – own the rest of Opodo between them.