The logo of Amadeus IT Group tops the company’s offices in Madrid, Spain, April 27, 2022. REUTERS/Susana Vera
Register now for FREE unlimited access to Reuters.com
MADRID, July 29 (Reuters) – Spanish travel booking group Amadeus (AMA.MC) on Friday reported a second-quarter net profit of 237 million euros, compared with a net loss in the same period last year, as the travel industry’s recovery from COVID-19 accelerated.
The company, which operates the world’s largest travel booking system, said overall revenue in the period almost doubled from the second quarter in 2021 to 1.18 billion euros and was a step closer to pre-pandemic levels.
“Travel agency booking performance improved due to industry recovery and market share growth, fuelling our growth in all of our regions, particularly North America,” Amadeus’s CEO Luis Maroto said in a statement.
Despite high inflation brought on by the war in Ukraine, international tourism took off in 2022 after the COVID variant Omicron temporarily put a halt to the industry’s recovery in late 2021.
Register now for FREE unlimited access to Reuters.com
Reporting by Christina Thykjaer, editing by Inti Landauro
Our Standards: The Thomson Reuters Trust Principles.
