Amadeus` North America Bookings Drop

6th Aug 2002

Amadeus` bookings fell 21% in North America in the second quarter when measured against the reservations it processed a year earlier.
The drop was comparable to Galileo`s 20% decline in U.S. bookings. Sabre`s U.S. bookings for the June 30 quarter sank 15%.

Amadeus` drop in North America contrasted with slight growth in its bookings worldwide, which rose 0.5% to 103.3 million.

For the quarter Amadeus posted a profit, including special items, of $46.8 million, a decline of 3.2% compared with the second quarter of 2001.

“Against a challenging industry background, Amadeus has been able to increase net income” through revenue diversification, cost controls and bookings growth, the company said.

Revenue was up 1.1% to $493.1 million.





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