Amadeus’ Improving Performance Mirrors the Gradual Travel Rebound
Photo Credit: The Gran Via, a major thoroughfare in Madrid, Spain. Amadeus is headquartered in Madrid. Flickr / Creative Commons / vpogarcia
Skift Take
As goes Amadeus, so goes the travel industry. The travel tech company said its June revenues were the best since the pandemic began. That was another positive signal for the sector as a whole.
Amadeus reported another quarterly loss as higher-priced international air traffic hasn't recovered as quickly as domestic air traffic in the pandemic rebound. But executives at the Madrid-based travel technology firm struck an optimistic note when they reported earnings on Friday. June was the company's best-performing month since the onset of the pandemic.
Given that Amadeus is the world's biggest provider of booking services to travel agencies and a provider of other travel software solutions, it can serve as something of a proxy for how well the global travel sector is coping with the pandemic.
Amadeus saw monthly air booking growth rates thro
