Amadeus reported a slight decline in air bookings year over year during the first quarter due to the conflict in the Middle East, though the travel technology company's revenue continued to grow during the quarter.
In the first two months of the first quarter, Amadeus' booking performance was "strong, accelerating relative to Q4," Amadeus CFO Carol Borg said during a Friday earnings call. The geopolitical situation in the Middle East, however, reversed that trend and resulted in a deceleration of new bookings and a spike in cancellations, with total bookings for the quarter ending at 0.2 percent below the first quarter of 2025.
Borg said that excluding the impact of the Middle East, bookings would have been up 4 percent year over year in the quarter.
In April, Amadeus has seen an "improving trend" in bookings, with bookings still running below levels of the prior year but a decline in cancellation rates. Amadeus projects bookings for the second quarter will be down year over year.
Even with the quarterly decline in bookings, Amadeus' air distribution had a slight increase in the quarter, up 0.1 percent year over year to €822.1 million—an increase of 4.6 percent year over year in constant-currency terms. Revenue per booking was up 4.8 percent in constant-currency terms, "resulting from the positive pricing effects such as from renewals, new agreements and inflation," Borg said.
Revenue growth was stronger across Amadeus' other business units in the first quarter. Airline IT Solutions revenue was up 7.5 percent year over year to €592.5 million, and Hospitality and Other Solutions revue was up 3.2 percent to €268 million. Total group revenue increased 3.1 year over year to €1.7 billion in the first quarter.
Amadeus reported a profit of €356.9 million for the quarter, up 0.4 percent compared with the first quarter of 2025.
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