Amadeus brought revenue of 917.2 million euros in the first quarter of 2022 – the highest since the COVID-19 pandemic.

The Spanish-based distribution and technology giant is still suffering from the effects of the coronavirus, with quarterly revenue fixed at 65% of the same figure in the first quarter of 2019, but CEO Luis Marotto says there are “continuous improvements in aircraft reservations and passengers on board “for the company.

Adjusted profit amounted to EUR 95 million for the period January-March 2022, which is 15% more than in the previous quarter and represents 28% of what was achieved in the first quarter of 2019.

EBITDA is about 50% of the levels for the first quarter of 2019 at 295.8 million euros.

Revenues from air distribution increased by 155% compared to the corresponding quarter of 2021 to 446 million euros, as the airline’s IT and hosting business brought 313 million euros (47% on an annual basis, but only 26% of the registered figure for the first quarter of 2019).

Hospitality and other revenue streams brought in 158 million euros, only 15% of the same reporting line in the first quarter of 2019.

Amadeus provided a total of 91.7 million airline reservations in the first quarter of 2022, compared to 33.8 million in the same period in 2021, although this is still a small number (44%) of the 2019 figure.

Similarly, for passengers on board, the number of passengers on board in the last quarter was 264 million, representing 40% of the same quarter in 2019, but increasing by 108% compared to 2021.

Citing progress in the air distribution segment, Amadeus said: “The continued recovery of our reservations in the regions, supported by increasing market share, combined with improved revenue and efficiency of reservations (as the burden of local reservations continues to decline towards its pre-pandemic level) were the main drivers of revenue in this segment. “

North America now accounts for 36% of all Amadeus air reservations, with Western Europe accounting for 27%, the Middle East and Africa 13% and the Asia-Pacific region 8%.

This marks a significant change in the regionality of the business, with North America providing 21% of airline reservations in the first quarter of 2019.

https://www.phocuswire.com/Amadeus-earnings-Q1-2022

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