Amadeus Reports Strong Numbers for First Half of 2015
Amadeus IT Holding, S.A., reported its financial and operating results for the first six months of 2015 on Friday.
The travel technology provider reported increases in several key performance metrics, compared to the first half of 2014, including adjusted profit (up 10.3 percent to €419.6 million), revenue (up 14.2 percent to €1.97 billion) and EBITDA (up 10.8 percent to €778.8 million).
According to Amadeus, the appreciation of the U.S. dollar, compared to the Euro, contributed to a positive impact on the company’s revenue and EBITDA.
Air bookings were high for Amadeus for the first half of 2015. According to the report, air travel agency bookings via Amadeus increased by 10 percent, compared to the same period last year. That’s in comparison to a 4.9 percent increase across the industry.
Western Europe is still the premier region for Amadeus by a landslide, accounting for more than 39 percent of total air travel agency bookings and more than 42 percent of total passengers boarded.
On the other hand, the Asia & Pacific region continues to exhibit strong growth. Passengers boarded for the region shot up more than 25 percent in the first half of 2015, compared to the first half of 2014. The Asia & Pacific region now accounts for more than 27 percent of total passengers boarded via Amadeus.
During the first half, renewals or signings of content agreements were reached with 17 full-service airlines (including Czech Airlines) and two low-cost carriers (including Interjet).
Through the first half of 2015, 124 airlines have agreements in place for Amadeus Airline Ancillary Services, covering 105 markets worldwide.
In terms of airline IT, Amadeus reached an agreement to acquire airline technology and solutions provider Navitaire from Accenture for $830 million on July 1.
Additionally, China Airlines and its subsidiary Mandarin Airlines will adopt the full Amadeus suite of solutions. The deal marks the first Amadeus offering of a Chinese language airline IT service (Altea Taiwan).
Overall, Amadeus registered more than 265 million air travel agency bookings, more than 298 million total bookings and more than 354 million passengers boarded in the first half of 2015.
“Amadeus has maintained its track record for growth in both revenues and profitability through a combination of market share expansion and growth in its businesses,” said Luis Maroto, president and CEO of Amadeus, via the report.
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