July 30, 2018

Amadeus sees improved half-year

The company reported improved revenues and profits in the six months to June 30 and growth air bookings in all regions bar Western Europe.

In a half-year trading update issued today, Amadeus reported a 4.1% increase in revenue to €2,477 million and profitability (EBITDA) up to €1,078, an increase of 8.2%. Adjusted profit was €606.8 million.

Travel agency air bookings hit 305.1 million in the period, a year on year increase of 3.4%, with growth reported in Asia Pacific, Central, Eastern and South Europe and North America.

Western Europe saw a 6.5% decline on the same period in 2017 to 102.4 million, accounting for a third of the total. Amadeus said the decline in Western Europe was caused by a decline in the sector and the loss of share at some European mid-sized online travel agencies.

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