It's all up for Amadeus
Amadeus has reported highly positive results for the first nine months of 2014, including continued positive contributions from both Distribution and IT Solutions business lines, and further growth by acquisitions.
The global travel technology company has reported a revenue increase of 9.4%, excluding the acquisitions of Newmarket International, UFIS Airport Solutions and i:FAO Aktiengesellschaft, with comparable growth standing at 6.8%.
EBITDA grew 9.3% to over AUD$1.9 million, while in the Distribution business, total air travel agency bookings expanded 4.5% to over 356 million.
In the IT solutions business, Passengers Boarded increased by more than 14% to 519.7 million.
“Amadeus’ core businesses continued to show strength during the third quarter. The partnership with Ryanair is a landmark deal that underlines the company’s growth commitment in the low-cost and hybrid carriers´ segment,” Amadeus’ president and CEO Luis Maroto said.
“The Asia Pacific region continued to be the main growth driver in the Airline IT business. Passengers boarded with airlines using the Alt√©a Suite in the region now represent over 22% of total passengers boarded, a figure that will continue to expand in the future with additional airlines’ migrations such as Japan Airlines.”
“Furthermore, our strategy of growth and diversification into new IT areas is already bearing fruit: the acquisitions of Newmarket International (Hotel IT) and UFIS (Airport IT) are now contributing positively to our business and to the execution of our strategy.”
Distribution agreements were also signed with two new hybrid and low-cost airlines during the quarter and today 79 low-cost carriers have chosen Amadeus as their distribution partner, while travel agency bookings for low-cost carriers increased 17% year-on-year during the period.
On October 14, Amadeus also unveiled its vision for a traveller-centric global travel ecosystem, which aims to meet the demands of an evolving travel shopping environment and unlock the opportunity for more than $130 billion in additional airline revenue annually by 2020.
The Amadeus group employs around 10,000 people worldwide, across central sites in Madrid (corporate headquarters), Nice (development) and Erding (operations), as well as 71 local Amadeus Commercial Organisations globally, with customer groups including travel providers, sellers and buyers.
Email the Travel Weekly team at traveldesk@travelweekly.com.au
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