Amadeus IT Group posts revenue and profit increase

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Amadeus IT Group has seen revenue increase year-on-year (YOY) by 4.6 per cent to €3,684 million inthe first nine months of 2018.

The air transport and travel industry IT heavyweight also posted an adjusted profit of €887 million for the period, a YOY rise of 5.1 per cent on the same period in 2017.

Amadues president and chief executive of Amadeus, Luis Maroto said: “The strength and resilience of our core businesses has contributed, once again, to Amadeus’ good financial performance.

“In distribution, we signed or renewed distribution agreements with 11 carriers, including Aerolíneas Argentinas, Norwegian and Porter Airlines, amounting to a total of 35 for the first nine months of the year.”