Amadeus has hailed a strong start to the year across its distribution, IT solutions and hospitality business units.
The company reported a 43% increase in group revenue of €1.3 billion with adjusted profit up 188% to €273 million for the three months ended March 31, 2023.
Air distribution revenue increased 52% to €679 million year-on-year but was still down by about 25% on the same period in 2019. Air bookings were up by a third to €122 million.
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Air IT solutions revenue grew 36% to €425 million while hospitality and other solutions increased by 31% to €208 million.
EBITDA increased 72% to €510 million.
Luis Maroto, president and CEO of the company said: “Amadeus started the year strongly, with solid operating and financial performances across all of our segments. Air traffic improved globally, both domestic and international, albeit at different paces. Asia Pacific traffic recovered particularly well, with Amadeus bookings growing above 150% and passengers boarded above 120% in the first quarter compared to the same period of last year.
“We continued executing on our strategy, with several airlines migrating to our systems during the quarter. In addition, we maintain a positive commercial pipeline, which along with recovering travel volumes, should continue to support our performance this year."
During an analyst call Maroto did not comment on any changes since American Airlines' announcement to remove some content from Edifact channels except to say that it was trying support carriers with whatever they want to do.
He also said that he expects an increase in bookings using the New Distribution Capability (NDC) technology standard in the next couple of years but that it would "still take some time."
Maroto added that 2024 would be a year for more relevant volume of bookings using NDC.
Phocuswright Europe 2023
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