Distribution
Amadeus IT Holding for the quarter ending March 31 reported a 6.1 percent increase in combined air and non-air bookings
versus the
year-earlier period. The company also claimed a 38.2 percent global share of
travel agency air bookings, up 0.9 percentage points from a year earlier. The
company described the increase as "significant" and cited "both
organic growth in various markets and positive region mix." Amadeus also
reported an 8 percent increase in its distribution business revenues and a 10.4
percent jump in IT solutions revenues. The company's quarterly earnings before
interest, taxes, depreciation, and amortization improved 5.4 percent from a
year earlier to €307.2 million. Overall, adjusted profit jumped 22.1 percent to
€167.9 million.