Amadeus Highlights Meager 1 Percent Air Traffic Growth in 2020 Outside China
Skift Take
Amadeus, the world's largest provider of ticket distribution and operational software for airlines, is a bellwether for the sector. It had a weak February, but it expects a rebound later this year. The outlook for airlines, however, is less optimistic.
Amadeus said Friday that the coronavirus would hit its earnings this year as the world's largest travel technology company warned of weakness in the last three weeks due to the deadly coronavirus epidemic.
The virus outbreak's rapid spread has rattled travelers' nerves. A sudden drop in booking volumes made it impossible to provide investors with specific guidance for the company's financial performance for 2020. But Amadeus expected its distribution revenue growth to be "broadly flat" this year.
Amadeus is a bellwether for global air travel, distributing more plane tickets to travel agencies than any other company worldwide and helping airlines process more gate boardings than any other travel technology company.
"In February, we are obse
