Amadeus continued its growth in the second quarter of 2024 with gains across air distribution, air IT and hospitality.
Group revenue increased 13% to €1.56 billion for the three months from April to June compared with the same period in 2023, while EBITDA rose 16% to €621 million year over year.
Air distribution revenue for the quarter was up 3% to €742 million while air IT solutions increased 18% to €564 million. Revenue for the hospitality and other business units came in at €251 million, representing a 13% increase year over year.
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The company increased profit in the quarter to €336 million, an increase of 21% year over year.
Luis Maroto, president and CEO of Amadeus, said, “We continued to grow at a double-digit pace throughout the first half of the year and we remain confident in our outlook for 2024.
"Amadeus is investing for the future. We are at the forefront of airline retailing transformation and are advancing decisively on NDC [new distribution capability] to continue to strengthen our position as the leading enabler of indirect airline distribution. Additionally, we were pleased to announce a strategic partnership with world-leading hospitality group Accor, which will implement our next-generation, cloud-based central reservation system (ACRS) for its extensive portfolio of properties globally.”
Amadeus announced the partnership with Accor in early June with the goal of having the first hotel live on the CRS in a year.
During an analyst call Amadeus also highlighted its recent partnership to provide NDC content to Etraveli while also making Etraveli's virtual interlining content available on the Amadeus Travel Platform. Amadeus payments business Outpayce is also the first customer for Etraveli's Precision risk management tool.
The distribution specialist also said its second quarter bookings were impacted by the failure of European tour operator FTI in early June.
Looking ahead, Amadeus said it expected a softer third quarter "in relation to our own numbers" and compared to a very strong August in 2023. The fourth quarter is expected to be stronger than Q2.