Amadeus has finished the first quarter of 2016 on a high note reporting increases in revenue and profit.
For the three months ending March 31, the distribution giant announced a 17% increase in profit to Euro 245.6m while revenue increased 13.2% to Euro 1.120bn. EBITDA increased 15.2% to Euro 448.8m.
Highlights of the quarter include new contracts or renewals of existing relationships including LATAM Airlines, Virgin Australia and Etihad Airways.
The distribution business saw air travel agency bookings increase 2.4% to 141.2 million while the IT Solutions Business increased 63% to 269.5m in terms of passengers boarded.
The figure takes into account Navitaire, which Amadeus announced it was acquiring in the middle of last year, while the deal was finalised in January.
In revenue terms, the distribution business saw a 4.2% increase to Euro 751.7m while IT Solution increased 37.6% to Euro 368.3m.
The increases were boosted by acquisitions in 2015 including AirIT in April 2015 and Pyton in September.
Questioned on whether a weakness in Germany was to do with the impact of Lufthansa's Distribution Cost Charge, Amadeus chief executive Luis Maroto said Lufthansa was "having an impact on volumes on the GDS front."
Non-air bookings declined 4% to 15.8 million. Further detail on non-air was not provided although during the analyst call, Maroto touched on the InterContinental Hotels Group guest reservation system describing it as:
"...evolving according to plan. It's a lot of work but so far, so good."
The results also provide an update on Amadeus Airline Ancillary Services with 138 carriers signed up including LATAM.
Amadeus Fare Families, which allows airlines to offer branded fares, has 36 contracts for airlines to use the technology.
Related reading:
Amadeus 2015 revenues get close to Euro 4 billion