Amadeus claims market share growth

Amadeus claims market share growth
By admin


Amadeus has claimed its market share of air travel agency bookings climbed 1.8 percentage points to almost 40% in the first nine months of the financial year.

The technology giant said low cost carriers remain “an area of constant growth” with bookings rising 18% in the third quarter and 23% in the year to date.

Adjusted profit in the first nine months grew 6.3% to €511.2 million with revenue up 5.8% and earnings before interest and tax increasing 6.5% to €948.9 million.

Distribution revenue grew 5.5% to €1.7 billion with air travel agency bookings rising 6.6% to €340.8 million.

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