Amadeus Announce Third Quarter 2003 Results

4th Nov 2003

Amadeus Global Travel Distribution today reported its third quarter results for the period ended 30 September 2003.
- Market share gains, business diversification and cost control boost revenue by 7.1% and net income by 52%
- Company maintains target of 5% growth in net income for full year

Commenting on the results , José Antonio Tazón, President and CEO of Amadeus, said:

“Although the recovery of travel is still timid and inconsistent across regions, in the quarter Amadeus has processed 2.3% more travel reservations (95.4m) and raised its total revenue by 7.1% compared to the same period in 2002. Net income for the period rose 52.3% (excluding special items), enabling us to maintain our forecast of 5% net income growth to €155m for the full year.

In travel distribution, Amadeus continues to lead the GDS sector with a world market share in travel agency air bookings of 27.8%, reflecting a year-on-year increase of 1.3 percentage points . Strong reservations growth was achieved in Central and Eastern Europe (+29.1%), Africa and the Middle East (+42.6%) and Asia Pacific (+14.7%), with Amadeus clearly outpacing the market and raising its share. In Western Europe (+1.5%) and North America (+3%), Amadeus also returned to growth.

Non-reservations revenue derived from e-Travel, Airline IT Services and other business areas grew by 18.1%, underlining the continued success of our business diversification strategy to unlock new revenue opportunities.


Total operating expenses rose by 6.5% thanks to careful, ongoing cost control. For the full year, we are maintaining ambitious targets in an uncertain environment.”



Recommended for you

Follow Breaking Travel News

Travel Events Calendar

Media Partnerships

Global Restaurant Investment ForumThe Hospitality & Tourism SummitCATHIC
ITB AsiaChina Outbound Travel & Tourism MarketThe Travel Marketing Store
Serviced Apartment SummitWorld Travel MarketIMEX
AHICWTTCRoutes Online
UBM Aviation