TTC Admin updated May 9, 2011

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  • Amadeus profits increase in first quarter

    Posted by TTC Admin May 9, 2011 - 674 views - Filed in Financial News - #Amadeus  #results 

    During the first quarter of 2011, Amadeus have increased their profits by some 11.7%, amounting to some 144m Euros.  These figures exclude the sale of Opodo for 450m Euros in a deal announced in February.

    Amadeus claim to have achieved 34.7% global market share in travel agency air bookings during the first quarter.

    The company’s president and CEO Luis Maroto said: “We have made a good start to the year with both of Amadeus' business lines continuing to show healthy growth during the quarter.

    “In distribution our global market share of air bookings through travel agents rose by 0.8 p.p. year on year to a record 37.4%, further widening our leadership position worldwide.

    “In airline IT we processed 94 million 'Passengers Boarded' during the quarter, 38.8% more than a year ago.”

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