Amadeus reported air bookings increased by one third year on year in the three months to March as it reported a first-quarter profit of €262 million.
Madrid-based travel technology company Amadeus, which operates one of the largest global distribution systems (GDSs), reported a 33% rise in first-quarter air bookings on the previous year to almost 122 million.
This remained 25% down on the same period in 2019, but Amadeus reported the figures showed it “outperforming the industry”.
The company noted a 52% rise year on year in air distribution revenue to €679 million, driven by higher booking volumes than in 2022 as well as by a near 15% increase in revenue per booking.
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Air bookings accounted for more than half the company’s revenue of €1,311 million in the three months, with the remainder coming from airline reservations and check-in systems and from hospitality.
Amadeus reported almost 410 million passengers were boarded via its airline IT systems in the three months, contributing €425 million in revenue – up 36% on the previous year – while its revenue from hospitality, including payments, rose 31% year on year to €207 million.
Luis Maroto, Amadeus chief executive and president, said: “Amadeus started the year strongly with solid operating and financial performances across all our segments. Air traffic improve globally, albeit at different paces.”
Amadeus reported an operating profit of almost €510 million for the quarter and reported a net debt of just over €2 billion, down €258 million year on year.
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