Amadeus earnings rise 11% in strong first half

Amadeus, the travel technology company, experienced double-digit growth in terms of both revenues and profits in the first half of 2015.

For the six months ending 30 June 2015, Amadeus’ revenues increased 14.2% year-on-year to EUR1.98 billion (US$2.17bn), while its earnings before tax and other items (EBITDA) climbed 10.8% to EUR778.8 million.

Luis Maroto, president & CEO of Amadeus
Luis Maroto, president & CEO of Amadeus

The number of air bookings Amadeus processed in the first half jumped 10% to 265.9m, increasing its global market share in this segment to 42.2%.

“Amadeus has maintained its track record for growth in both revenues and profitability through a combination of market share expansion and growth in its businesses,” said Luis Maroto, president & CEO of Amadeus.

“Distribution delivered strong revenue growth of 11.3% through a 1.9pp (percentage point) increase in global market share of air travel agency bookings.  IT Solutions continued its track record for double-digit growth with a revenue increase of 22.3%, with Asia Pacific remaining the driving force.”

Amadeus has taken some significant steps towards its expansion this year, including the acquisition of Navitaire, which provides IT solutions for the low-cost airline market, and the signing of an agreement to purchase Netherlands-based Itesso, which supplies cloud-based property management systems (PMS) for hotels.

The company also renewed its content agreements with 19 airlines in the first half of the year, while China Airlines became a new customer of the company’s Altéa suite of airline IT solutions.

You might also like

Comments are closed.

X
GET THE LATEST TRAVEL INDUSTRY NEWS, JOBS AND EVENTS STRAIGHT TO YOUR INBOX!
Join over 180,000 travel agents, professionals and executives subscribed to our daily newsletter.
You can unsubscribe at any time
Subscribe to our newsletter
Sign up here to get the latest news, updates and special offers delivered directly to your inbox.
You can unsubscribe at any time
Close
Enable Notifications    Ok No thanks