Amadeus reported a 1.3 percent increase in global air travel agency bookings for the September quarter, "1.8 percentage points higher than GDS industry growth." The company claimed to improve its market share of such bookings to 37.7 percent, 0.5 percentage points higher than the same period a year earlier. Amadeus' travel agency air bookings grew fastest in the Middle East and Africa and "continued growth in North America despite the weak GDS industry, while growth in Europe is lagging," down 4.4 percent, the company reported. Overall, Amadeus noted a "contracting GDS industry in Q3 2012," which according to its estimates processed 0.5 percent fewer bookings that it did a year earlier, resulting from one fewer working day in the period, "negative growth in Western Europe and North America, as well as in certain Asian markets such as India," and disintermediation related to low-cost carriers gaining share in Asia (especially India) and Western Europe (especially Spain). Amadeus' third-quarter adjusted profit improved by 8.8 percent year over year to €148.8 million. Adjusted earnings before interest, taxes, depreciation, and amortization grew 7.4 percent to €282.9 million.
This page is protected by Copyright laws. Do Not Copy. Purchase Reprint
Sabre Corp. has acquired Genares, a supplier of central reservation systems, revenue management and marketing tools to hotels,... read more »