Amadeus revealed another solid quarter with revenues reaching €1.18 billion for the three months ending June 30.

The Madrid-based global distribution company’s revenue rose 18 percentage points from the previous quarter and accounted for about 83% of revenue in the second quarter of 2019.

Louis Marotto, president and CEO of Amadeus, says the company has seen an improvement in travel agency bookings and passenger boardings, particularly in North America.

He adds that the company has also “approached pre-pandemic levels” in hospitality, driven by increased volumes and new customers.

Air distribution revenue for the second quarter was 592 million euros, and the company said bookings for the quarter were 75% of those in the second quarter of 2019.

Air IT solutions reported revenues of €402 million, with passengers carried reaching almost 78% of Q2 2019 levels.

The Hospitality and Other Solutions business unit reported revenues of €189 million, representing around 94% of Q2 2019 levels.

EBITDA for the company totaled 496 million euros, which is 84% ​​of the levels of the second quarter of 2019 and an increase of 35 percentage points compared to the first quarter of 2022.

The figure includes a non-refundable government grant of just over €51 million.

Adjusted profit for the quarter was €247m, which was 75% of Q2 2019 levels and up 46 percentage points from Q1 2022.

https://www.phocuswire.com/Amadeus-earnings-Q2-2022

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