Amadeus hails “solid” 2004 financial performance - TravelMole


Amadeus hails “solid” 2004 financial performance

Saturday, 10 Feb, 2005 0

Amadeus saw net profits rise by almost 30% to 208 million euros last year over 2003.

The GDS exceeded 2 billion euros in revenue for the first time last year, according to financial results released today.

Overall bookings were up by 7.6% to 454.1 million, with online bookings up by 53% to 42.7 million to represent more than 10% of total bookings volume.

Amadeus saw non-air bookings rise by 5.4% with a 65.2% increase in cruise bookings and an 11.2% rise in hotel bookings. The total number of air bookings was up by 6.8% to 380,550.

Total booking revenue rose by 5.4% with other revenue, including IT services and e-commerce, was up by 10.5%.

Amadeus president and CEO Jose Antonio Tazon said: “Overall, our focus on minimising costs and maximising the value of our services to our diversifying customer base has led us to deliver a solid financial performance for the year 2004.”

Results for the fourth quarter of 2004 were impacted by the consolidation of newly acquired subsidiary Opodo’s financial results. Operating income of 39.9 million euros was 41% down over the same quarter in 2003.

Report by Phil Davies 

 

 



Related News Stories:  



 

profileimage

Phil Davies



Most Read

Bubba O’Keefe on Clarksdale’s Vibrant Music Scene

Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee

Craig Ray and the Expansion of the Blues Trail

Presenting Mississippi’s Cultural Trails with Katie Coats

Robert Terrell: A Journey Through BB King’s Influence

Rochelle Hicks: Celebrating Mississippi’s Musical Legacy

Exploring Jacksonville with Katie Mitura: The Flip Side of Florida

Tricia Handley-Hughes of Inteletravel announces the location for the TravelQuest 2025 conference

Insights from James Ferrara on Inteletravel’s Growth and Future

Tricia Handley-Hughes on Inteletravel’s Growth and Challenges

Tony from Gatto’s Pizza on Columbus’s Unique Pizza Trail

Sophia Hyder Hock on Global Social Inclusion in Tourism
TRAINING & COMPETITION

Our emails to you has bounced travelmole.com Or You can change your email from your profile Setting Section

Your region selection will be saved in your cookie for future visits. Please enable your cookie for TravelMole.com so this dialog box will not come up again.

Price Based Country test mode enabled for testing United States (US). You should do tests on private browsing mode. Browse in private with Firefox, Chrome and Safari

true