August 05, 2013

Amadeus market share growth boosts earnings


Amadeus reported strong first half results across the board on Friday, thanks to its expanding market share and growing business in markets outside Europe. Asia-Pacific remained a hotspot for growth, while in the United States online agency CheapAir.com implemented the company's "Extreme Search" technology.

Amadeus, which provides technology to travel companies, increased market share in airline travel agency bookings to 40 percent from 38.3 percent a year earlier in the six months to June even though growth in the industry remains muted.

The Madrid-listed company, set up by European airlines in 1987 to create a computer reservations system shared by the parent carriers and travel agents, was also lifted by the increasing weight of its IT Solutions division. That attracted new clients in the second quarter, including Sri Lankan Airlines and Italian carrier Air Dolomiti.

Revenue in the IT Solutions increased 8 percent year-on-year in the first half of 2013 to 380 million euros ($503 million).

Get the full story at Reuters and Amadeus