Rise in agent bookings helps Amadeus report hike in profits

Rise in agent bookings helps Amadeus report hike in profits

Amadeus recorded a 21.3% hike in adjusted profits to €738.1 million in the first nine months of the year.

The year-on-year growth for the period to September 30 was driven by a 14.2% increase in revenue to €3.3 billion.

Earnings [EBITDA] were up by 16.4% to €1.3 billion.

Air travel agency bookings rose 5.2% to 409.8 million – outperforming GDS industry growth of 2.4%, according to Amadeus.

Distribution revenue was up by 6.3% to €2.2 billion while bookings rose by 5.2% to 409.8 million.

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Low-cost carrier bookings grew by 15.8% in the third quarter of the year which saw easyJet renewing a long-term distribution deal with the company.

President and chief executive Luis Maroto said: “Our strong financial performance is the result of organic growth in our core businesses and the contribution of last year’s acquisitions including Navitaire.

“Our distribution business continues to grow faster than the industry and its competitive position once again increased to 43.1%.

“We have successfully renewed or signed content agreements with 17 airlines in the quarter, including easyJet. In addition, the world’s leading travel search engine, Kayak, has implemented Amadeus Master Pricer with instant search technology.

“We are confident that Amadeus will deliver another strong final quarter to 2016.”

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