Amadeus IT Holding, a leading technology partner for the global travel industry, reported an adjusted profit of 494.5 million Euros for the first half of 2016. This means, a growth of 17.9% compared to the same period of 2015 which was supported by a revenue increase of 15.1% to 2,275.5 million euros, and EBITDA growth of 16.5%, to 907.1 million Euros.
Around 75% of airline bookings made through the Amadeus system worldwide are with airlines that have a content agreement with Amadeus. Since the beginning of the year, new contracts or renewals of existing content agreements were signed with 21 carriers, including LATAM Airlines Group S.A. (“LATAM”), Virgin Australia, Emirates, Air Cairo and Etihad Airways.
Growth also continued in the low-cost carrier segment. Chinese low cost carrier Spring Airlines made its content available through the Amadeus system. Also, travel agents using the Amadeus system can now book Ryanair’s Business Plus Fare. Subscribers to the Amadeus system have access to the inventory of more than 80 low cost and hybrid carriers from all over the world. Bookings of this segment grew by 17% in the first half of 2016, compared to 2015.
The customers also continued to contract the merchandising solutions, including LATAM, FlyBe and Ukraine International Airlines. As of the end of the first half, 63% of the global air bookings processed through the Amadeus system are eligible to carry an attached ancillary service. At the end of the first half, 110 airlines had signed up to Amadeus Airline Ancillary Services for the indirect channel, with 86 of them already implemented. Including customers that have contracted this solution for either their indirect channel or direct channel, the number of contracted airlines is 157, 121 of which have already been implemented.
Amadeus Fare Families Solution, which allows airlines to distribute branded fares, had 39 contracts in place, including the newly signed Scandinavian Airlines, Iberia and Ural Airlines. 30 customers have now implemented the Fare Families solution, including Canada’s WestJet.
Merchandising sales through the Amadeus indirect distribution channel had a record first half of the year, with an 80% increase in airline ancillary services sold through the Amadeus system, primarily through the more than 30 global online travel agencies (OTAs) that are integrating Amadeus merchandising solutions.