Amadeus maintains ‘steady’ booking momentum in Q3

Bookings via Amadeus’ global distribution system increased 4.4
per cent year over year to 117.5 million in the third quarter, continuing
the trend of “steady booking growth” for the year, the company
reported.

The growth, similar to the 4 per cent increase in global bookings reported by Sabre last week, helped
push Amadeus’ air distribution revenue up 8.6 per cent year over year to
€724.4 million for the quarter. For the first nine months of the year,
bookings have increased 3.4 per cent year over year.

Amadeus
reported that it signed 13 new contracts or distribution agreement
renewals with airlines during the quarter, part of 45 signed throughout
the year so far. It also reported its New Distribution Capability
strategy is “progressing well,” including recent agreements with Delta Air Lines,
Virgin Australia and IndiGo.

As of the third quarter, 29 airlines are
making NDC content available through the Amadeus Travel Platform, and
the company aims to be “the undisputed aggregator of NDC volumes for
airlines and travel agencies,” president and CEO Luis Maroto said in a
statement.

Revenue increased by double-digit percentages year over
year in Amadeus’ other segments during the quarter. Air IT solutions
revenue increased 13.7 per cent year over year to €575.2 million, and
hospitality and other solutions revenue increased 12.2 per cent to €248.3
million. Total revenue in the third quarter increased 11 per cent year
over year to €1.5 billion.

Amadeus reported a profit of €342 million for the quarter, up from €301.2 million in the third quarter of 2023.