News: Amadeus reports strong financial performance for early 2018

Amadeus IT Group has seen revenue increase by 4.6 per cent, to €3,684 million, over the first nine months of the year.

The tech giant achieved an adjusted profit of €887 million for the period, growth of 5.1 per cent compared to the same period last year.

Luis Maroto, president and chief executive of Amadeus, commented: “The strength and resilience of our core businesses has contributed, once again, to Amadeus’ good financial performance.

“In distribution, we signed or renewed distribution agreements with 11 carriers, including Aerolíneas Argentinas, Norwegian and Porter Airlines, amounting to a total of 35 for the first nine months of the year.”

He added: “We also achieved important milestones in our New Distribution Capability strategy, with further players joining our NDC-X program during the quarter, both on the distribution and IT side.”

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Amadeus is a leading provider of advanced technology solutions for the global travel industry.

The company also revealed the roll-out of the Guest Reservation System with InterContinental Hotels Group is now almost complete, with over 95 per cent of its hotels migrated.

“This implementation, along with the acquisition of TravelClick as we announced in August, will be a significant driver of growth for our hospitality business in the near future,” added Maroto.

“We remain optimistic and are confident that we will continue this positive growth trend for the rest of the year.”

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