Amadeus pockets highest revenue quarter in two years

Amedee generated a turnover of 917.2 million euros in the first quarter of 2022 – this is the highest since the start of the COVID-19 pandemic.

The Spain-based retail and technology giant is still suffering from the impact of the coronavirus, with quarterly revenue coming in at 65% of the same metric in the first quarter of 2019, but CEO Luis Maroto says he are “constant improvements in airline bookings and boarded passengers for the company.

Adjusted profit reached 95 million euros for the period from January to March in 2022, up 15% compared to the previous quarter and representing 28% of what was achieved in the first quarter of 2019.

EBITDA was around 50% of Q1 2019 levels at €295.8 million.

Airline distribution revenue jumped 155% compared to the corresponding quarter of 2021 to reach 446 million euros, with airline IT and hosting activity bringing in 313 million euros (up 47% from year-over-year, but only 26% of the figure recorded in the first quarter of 2019).

Hospitality and other sources of income reported €158 million, or just 15% of the same reporting line in the first quarter of 2019.

Amadeus secured total air bookings of 91.7 million in the first quarter of 2022, compared to 33.8 million in the same period in 2021, although this is still far (44%) from the number in 2019.

Similarly for passengers boarded, the number of passengers boarded through the system in the last quarter was 264 million, up 40% from the same quarter in 2019 but up 108% from 2021.

Referring to progress made in the airline distribution segment, Amadeus said: “Our continued recovery in bookings across all regions, supported by market share gains, combined with improved revenue per booking performance ( as the weight of local bookings continues to decline towards its pre-pandemic level).

North America now accounts for 36% of all Amadeus air bookings, with Western Europe accounting for 27%, the Middle East and Africa 13% and Asia-Pacific 8%.

This marks a significant shift in the regionality of activity, with North America supplying 21% of air bookings in the first quarter of 2019.