Amadeus reports leap in profits
Amadeus Group parent company Amadeus IT Holding saw a 38 percent increase in its net profit for the first half of the year to €246.8m following an 11.9 percent increase in revenue.
As a result, its net financial debt as of June 30 2010 was reduced by €472m to €2,816m.
The company said both the distribution and IT Solutions businesses had contributed to the company’s strong performance figures during the first half of the year.
Revenue in the Distribution area rose 9.8 percent to €1,037m. Year-on-year first half bookings increased by eight percent to 232.1m and the volume of travel agency flight bookings rose by 9.8 percent to 201m
The IT giant claimed it maintained its position as the biggest travel agency global distribution system during the first half of 2010.
By Linsey McNeill
Linsey McNeill
Editor Linsey McNeill has been writing about travel for more than three decades. Bylines include The Times, Telegraph, Observer, Guardian and Which? plus the South China Morning Post. She also shares insider tips on thetraveljournalist.co.uk
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