Amadeus posts strong growth in first half year results

first_imgTravel technology company Amadeus Altea has posted a strong increase in half year growth, with its revenue increasing by 8.5 per cent to €1,730.9 million.In addition, its earnings before interest, tax, depreciation and amortisation (EBITDA) are €702.6 million and its adjusted profit margin grew 8.9 per cent` to €380.6 million.The distribution arm of Amadeus expanded by 3.8 per cent to 241.8 million bookings while its IT business posted an increase of 15.6 per cent in passenger numbers to 328.5 million.Amadeus president and chief executive officer Luis Maroto said that there were a number of positive results across the board.“Amadeus’ core business continues to deliver strong results despite improved but still challenging market conditions,” Mr Maroto said.“The Distribution business outperformed the industry enabling us to continue to gain market share.”“During the first half of the year, Amadeus reaffirmed its commitment to Corporate Travel IT – a key Distribution growth segment – with the acquisition of i:FAO, the strategic agreement with SAP and the launch of Amadeus Corporate Suite,“The Airline IT business continued to show strong growth underpinned by the Asia Pacific region, where an agreement with Japan Airlines was recently announced, in addition to Swiss International Airlines signing for our Altéa suite.”Mr Maroto also said that Amadeus and the USA’s Southwest Airlines partnership is very fruitful.“Southwest Airlines’ first international flight powered by Amadeus Altéa suite marked the successful implementation of Amadeus’ state-of-the-art passenger service system by the carrier,” Mr Maroto said.“The addition of Southwest’s domestic bookings to the agreement will turn Altéa Suite into the carrier’s only reservation system in the future and Southwest into Amadeus’ largest Airline IT partner worldwide by passengers boarded.”Up to July 2014, Amadeus has signed 21 content agreements with different airlines.Source = ETB News: Tom Nealelast_img

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