eDreams Odigeo says bookings for June surpassed pre-pandemic levels as travel restrictions eased and more people were vaccinated against COVID-19.
Announcing its first quarter results for fiscal year 2022, the Spain-based company adds that bookings in July and August accelerated further compared to full-year 2019 figures.
Adjusted EBITDA for the company came in at a loss of €1.9 million, down 14.7% on Q1, 2021.
Net income was reported as a loss of almost €24 million compared to a loss of €24.4 million year-on-year.
Dana Dunne, CEO of eDreams Odigeo, says: "We have continued to see a rapid and strong turnaround in trading, despite some travel restrictions still being in place.
"We have surpassed pre-COVID booking levels for the last 3 months, with August being at an impressive +27% vs Pre-Covid-19 levels. We have extended the outperformance from last year and taken further market share after a very strong start in the first quarter of the current year."
He adds that the companies Prime subscription service has grown 50% in the past three months to 1.5 million members and is forecast to hit two million members a year earlier than predicted.
While uncertainty remains in the travel market, Dunne says: "Despite anticipating some continuing volatility over the next few months we are in great shape, excited and confident of making further progress for the rest of the year. We continue to succeed through our superior strategy, product proposition and operational excellence."
The company's liquidity position as of the end of Jull stood at €136 million.