Amadeus IT Holding, S.A., a leading technology partner for the global travel industry, announced strong results for the first half of 2016. Amadeus reported an adjusted profit of €494.5 million for the first half of 2016. Distribution business continues to grow faster than the industry and increased, to 43.2%. Asia & Pacific and North America are the fastest growing regions for Amadeus.
Luis Maroto, President & CEO of Amadeus, said, “The Airline IT business has also experienced strong growth in the first half of 2016. The number of passengers boarded using our Altéa platform grew by 10.9% supported by the organic growth of our customer base and new customer implementations. This strong performance was complemented by the acquisition of Navitaire from Accenture, finalised in January. Thanks to its contribution, the total number of passengers boarded using Amadeus’ PSS systems increased by 75.7%, to 622.4 million.
“At the same time, multiple global airlines continued to contract our solutions. Malaysia Airlines chose Amadeus as the their new PSS provider; Singapore Airlines contracted the full suite of Amadeus Revenue Management solutions; Lufthansa Group contracted Amadeus Altéa Departure Control Flight Management for all of its network airlines; and Avianca became the launch partner for Amadeus Anytime Merchandising.
“Our new businesses also showed progress, proved by new contracts being signed with Quebec City’s Jean Lesage International Airport and with Copenhagen Airports; the new itinerary management mobile app launched for Boston Consulting Group employees worldwide; the two new Travel Intelligence solutions, and the international distribution agreement reached with RENFE, the Spanish rail operator.
|Amadeus Air TA Bookings (figures in million)|
|Jan-Jun 2016||% of Total||Jan-Jun 2015||% of Total||% Change|
|Asia & Pacific||49.7||17.8%||42.4||15.9%||17.3%|
|Middle East and Africa||34.2||12.3%||32.5||12.2%||5.5%|
|Central, Eastern and Southern Europe||22.7||8.1%||24.1||9.1%||(5.8%)|
|Total Air TA Bookings||279.3||100.0%||265.9||100.0%||5.0%|
Around 75% of airline bookings made through the Amadeus system worldwide are with airlines that have a content agreement with Amadeus. Since the beginning of the year, new contracts or renewals of existing content agreements were signed with 21 carriers, including LATAM Airlines Group S.A. (“LATAM”), Virgin Australia, Emirates, Air Cairo and Etihad Airways.
Growth also continued in the low-cost carrier segment. Chinese low cost carrier Spring Airlines made its content available through the Amadeus system. Also, travel agents using the Amadeus system can now book Ryanair’s Business Plus Fare. Subscribers to the Amadeus system have access to the inventory of more than 80 low cost and hybrid carriers from all over the world. Bookings of this segment grew by 17% in the first half of 2016, compared to 2015.