Amadeus recovery level holds steady in Q4
Air bookings through the Amadeus GDS in the fourth quarter reached 71.7% of 2019 levels, holding steady with the recovery rate reported in the third quarter.
For the full year, Amadeus’ GDS air bookings reached 68.3% of 2019 levels, marking a 92% improvement year over year, the company reported. During the year, North America surpassed Europe as Amadeus’ largest region for bookings, with bookings in the region now 2.9% above 2019 levels. North America bookings now represent about 30.8% of Amadeus’ total air bookings.
Amadeus’ air distribution revenue reached 73% of 2019 levels in 2022, the company said. Revenue per booking was up compared with 2019, due to higher airfares and a positive foreign exchange impact.
The year was “a strong year for Amadeus,” company president and CEO Luis Maroto said in an earnings call. “We have seen substantial volume recover [and] we are optimistic about this year and beyond.”
Amadeus reported a profit of $700.8 million for 2022, compared with a loss of $130 million in 2021.
Source: Business Travel News
Source: Read Full Article