Amadeus cash dip

Amadeus cash dip

AMADEUS CEO Luis Maroto says the company has seen an increasing number of flights being scheduled, and air traffic and bookings have been responding, but warned the situation remains “highly uncertain”.

The company reported an adjusted profit decline of 113.4%, to a loss of 89.2 million (A$147.5m) in the six months ending 30 Jun.

In distribution, Amadeus’ volumes reached a low in Apr and travel agency air bookings turned positive from approx mid-Jun.

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Source: traveldaily