Amadeus records strong 2014

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Amadeus has released its year-on-year financial and operating results for the full year of 2014, recording a 9.9 per cent increased in adjusted profit for the period, which was €681.1 million.

This result was also backed by an increase in revenue of 10.1 per cent, to €3,417.7 million, and EBITDA growth of 9.9 per cent, to €1,306.0 million.

Amadeus president and chief executive officer Luis Maroto, said that Amadeus’ results and focus clearly indicate that the company remains at the heart of the travel industry.

“Our core businesses continued to showcase strength, with market share gains in Distribution especially in North America and Asia-Pacific. Our long-term commitment to low-cost and hybrid carriers gained further momentum, with a 16% booking increase year-on-year,” Mr Maroto said.

Another area where Amadeus continued to perform in 2014, was in total air bookings through travel agencies, which grew by 3.2 per cent during last year.

Air travel agency bookings through the Amadeus system increased by 5.2 per cent, which led to further gains in market share.

A key highlight of the year was reaching an agreement with Ryanair which brought a wide range of its fares and full ancillary services to Amadeus´ travel agency subscribers for the first time in over a decade.

On the travel agency front, new multi-year agreements were reached with the leading global online travel company Orbitz Worldwide and with TUI Travel.

A multi-year agreement was reached with Ctrip, China’s leading travel company in terms of market capitalisation, to include the provision of all air content for points of sale outside of mainland China.

“Asia-Pacific continued to be the main driver of growth for IT Solutions, supported by the migration of Korean Air later in the year. This will expand further with the scheduled migration of a number of Asian carriers in the coming years,” Mr Maroto said.

“I am confident that in 2015, our people, our technology and the strength and resilience of our business model will allow us to make further progress and we expect continued growth for our core businesses.”

Source = ETB Travel News: Lewis Wiseman
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