Amadeus profits from bigger share of air sales
Amadeus has continued to grow its global share of airline tickets sold through travel agencies.
The Madrid-based travel technology firm said it had achieved a market share of 39.9 per cent of all GDS air bookings for the nine months to September – this was a year-on-year rise of 1.8 points on 2012.
Overall air bookings through the Amadeus GDS rose by 6.6 per cent to 340.8 million for the nine months.
This increased market share helped Amadeus to an overall revenue rise of 5.8 per cent to €2.36 billion for the nine-month period.
Amadeus made a pre-tax profit of €687.6 million from January to September – up by 10.7 per cent year-on-year, while operating profit rose 4.7 per cent to €738.5 million over the same period.
CEO Luis Maroto said: “Amadeus has maintained its track record of delivering growth in revenues and profitability.
“The two key drivers behind our continued growth are our resilient transaction-based model and our long-term contracts with recurring revenues. These factors allow us to make the R&D commitments necessary to continue delivering first class solutions to our customers.
“I am confident that with our wide geographical reach and our exposure to a number of different segments in the travel technology industry we have a good platform for continued success.”