Amadeus profit rises as bookings recover

The company posted a 20% rise in first-quarter net profit to 325 million euros as travelers booked more air travel

May 8, 2024

According to analysts, Amadeus’ figures are on a positive recovery path that will take it back to pre-pandemic levels this year.

Key takeaways

Total bookings grew 2.8% to 125.2 million though remained below 2019’s pre-pandemic level of 162.6 million;

The rise in bookings was led by the Asia Pacific region where they rose 31%;

Travel demand is proving more resilient than expected as holiday makers shrug off air ticket price increases.

Get the full story at Reuters