September 19, 2017
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Amadeus for the first quarter reported higher revenue, earnings and distribution market share, thanks partly to a 2.9% year-over-year increase in agency air bookings to 119 million. Growth came from emerging markets as well as North America, where Amadeus recently implemented a major deal with Expedia.
Amadeus claimed a gain in its global share of agency air bookings of 1.6 percentage points to 39.8%, and said overall GDS industry growth was sluggish.
Profit in the quarter was 7.5% higher at 153 million euros (about $211 million), while operating income was up 5.1%.
Amadeus' distribution revenue increased 2.4% to 612 million euros (about $784 million), while its airline IT business grew revenue by 9.8% to 183 million euros (about $234 million).
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