Amadeus boosts GDS market share and revenue
Buoyed by a 6.7% rise in travel agents’ air bookings, Amadeus grew first-quarter revenue to 764.1 million euros (about $991 million at today’s exchange rate).
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Revenue increased 8.5% from a year earlier, and EBITDA (earnings before interest, taxes, depreciation and amortization) rose 5.4%, to 307.2 million euros (about $398 million).
Amadeus CEO Luis Maroto said the company’s GDS market share increased nearly a full percentage point (from 37.3% to 38.2%), helping Amadeus increase distribution revenue by 8%.
Revenue from the company’s IT Solutions unit increased 10.4%, driven by airlines’ implementation of the Altea reservations platform and growth in other technology products.
“Despite the uncertain economic environment, we look forward to the remainder of the year with confidence,” Maroto said.