Amadeus lifts air market share

Amadeus lifts air market share
By admin

Amadeus has claimed to have increased its global market share of travel agent air bookings by one percentage point as it reported a lift in revenue, earnings and profit in the first half of the year.

The technology firm said it now holds a market leading position with 38.3% share of the air market.

Revenues in the six months to June 30 climbed 8.6% to 1.5 billion Euros (A$1.77 billion), with earnings before interest, tax, depreciation and amortisation rising more than 6% to 607m Euros (A$713m).

Adjusted profit increased 26% to 333m Euros (A$390m).

Amadeus attributed the sharp rise of profit to a “substantial reduction in interest expense”.

Total bookings improved 4.2% to reach 252.2m.

President and chief executive Luis Maroto described the first half as “successful” despite ongoing economic challenges”.

Low cost bookings continued to deliver “stable and significant growth”, the company said, with total bookings of LCCs by travel agents through Amadeus increasing almost 8% year-on-year in the second quarter and 15% over the first half.

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