Amadeus earnings show double-digit growth

Amadeus has reported a strong financial and operational start to the year in both its distribution and IT businesses.

Overall revenue increased by 11.7% compared with the same period last year to €1,250.8 million, with the resulting EBITDA up 12% to €502.8 million and adjusted profit up by 19.6% to €293.6 million.

Its distribution business generated the bulk of the revenue –  €837.4 million, a 11.4% increase.

In volume terms, travel agency air bookings grew 9.3% to 154.3 million, which Amadeus says outperforms the GDS industry growth of 6.7% and helps lifts its competitive position, or market share, of travel agency air bookings, to 43.5%.

Non-air travel agency bookings also rose, coming in at 17.4 million, a 7.3% increase.

For IT Solutions, revenue grew 12.3% to €413.5 million.

Passengers boarded using its core Altea system and the now-consolidated Navitaire grew by 24.6% to 339.6 million. It noted that the number was lifted by 2016 implementations – it named Swiss, Brussels Airlines, China Airlines, Ukraine Airlines and Viva Group – but it also saw organic growth of 6.9%.

Elsewhere, the numbers briefly outline progress at its new businesses – payments, rail, airport IT and travel intelligence – without going into financial details.

Looking ahead, it expects that the migration of Southwest’s domestic flights onto Altea and the roll-out of its guest reservation system with InterContinental Hotels Group “will be among the key business milestones in the coming months.”

Click here to read the release.

NB Image of Amadeus’ Bangkok site

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