Amadeus reports rise in air bookings

Travel technology group Amadeus reported a rise in third-party air bookings and revenue for the nine months to September.

Amadeus recorded an 11% increase in operating profit to €1.76 billion to the end of the third quarter and a 15% rise in revenue to €4.237 billion.

The group reported an adjusted profit of almost €1 billion for the nine months, up almost 12% on the same period last year.

Air bookings by travel agencies through Amadeus grew 0.5% to 447 million despite a 0.8% fall in agency air bookings globally – largely due to a decline in India following the collapse of Jet Airways in April.

Amadeus president and chief executive Luis Maroto said: “Our [distribution] booking volumes outperformed the industry, driven by market share gains in all regions except Asia-Pacific.”

Group revenue from third-party distribution rose more than 5% year on year to €2.395 billion.

Amadeus’ total bookings grew 0.9%, almost double the rate of growth in air bookings.

However, Amadeus noted “a contraction in Western Europe, Asia-Pacific and the Middle East and Africa” for which it blamed “macroeconomic developments and geopolitical events”.

The group reported its market share of travel agency air bookings grew “across all regions except Asia-Pacific” where it was hit by Jet Airways’ failure.

MoreAmadeus hits back at Iata over NDC claims [June 19]

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