Amadeus has reported a strong financial and operational start to the year in both its distribution and IT businesses.
Overall revenue increased by 11.7% compared with the same period last year to €1,250.8 million, with the resulting EBITDA up 12% to €502.8 million and adjusted profit up by 19.6% to €293.6 million.
Its distribution business generated the bulk of the revenue – €837.4 million, a 11.4% increase.
In volume terms, travel agency air bookings grew 9.3% to 154.3 million, which Amadeus says outperforms the GDS industry growth of 6.7% and helps lifts its competitive position, or market share, of travel agency air bookings, to 43.5%.
Non-air travel agency bookings also rose, coming in at 17.4 million, a 7.3% increase.
For IT Solutions, revenue grew 12.3% to €413.5 million.
Passengers boarded using its core Altea system and the now-consolidated Navitaire grew by 24.6% to 339.6 million. It noted that the number was lifted by 2016 implementations – it named Swiss, Brussels Airlines, China Airlines, Ukraine Airlines and Viva Group – but it also saw organic growth of 6.9%.
Elsewhere, the numbers briefly outline progress at its new businesses – payments, rail, airport IT and travel intelligence – without going into financial details.
Looking ahead, it expects that the migration of Southwest’s domestic flights onto Altea and the roll-out of its guest reservation system with InterContinental Hotels Group “will be among the key business milestones in the coming months.”
NB Image of Amadeus’ Bangkok site