Air market share on rise, says Amadeus

Air market share on rise, says Amadeus
By admin

Amadeus saw its share of the airline market climb by 0.9 percentage points in the first nine months of the year, according to the latest figures from the technology firm.

Air bookings rose 3.9% over the period to 319.7 million Euro, while non air bookings dipped 0.7% to 46.1 million Euro.

Amadeus recorded adjusted profit of 481.3 million Euro in the nine money ending September, up 20.2% on the previous year. Revenue rose 8.4% to 2.2 billion Euro as EBITDA rose 6.5% to 889.8 million Euro.

The firm attributed the growth to strong performances from both its distribution and IT solutions businesses.

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