Skift Take
Amadeus is doing much better regarding pandemic recovery compared to its biggest competitor.
Amadeus is nearly recovered in terms of revenue compared to pre-pandemic levels. Executives shared those details during an earnings call on Tuesday, as well as information about the impact of conflicts in the Middle East and technical innovations the company is developing.
Revenue for the first nine months was €4.1 billion, a 23% increase from a year earlier and only about 3.7% below 2019.
The primary business for Amadeus is its distribution system, an intermediary between airlines and travel sellers. It also has a large business of providing software to airlines and a growing hotel software business.
There were still nearly 100 million fewer air bookings during the first nine months of 2023 than in 2019, but a number of factors — includ