Amadeus Sees Travel Tech Profit Soar on a Rebound
Photo Caption: Madrid headquarters of travel tech firm Amadeus. Source: Amadeus.
Skift Take
The travel industry has 99 problems, but travel demand ain't one.
Amadeus, the world's largest travel technology firm, reported on Friday a significant second-quarter net profit as the travel sector sped up its rebound from the pandemic.
"We're trying to come back to normality," said president and CEO Luis Maroto during an earnings call. "The level of cancellations is normalizing. We have seen a strong rebound in business travel, and in the last part of the quarter, it has come very close in percentage terms to the levels we saw in 2019."
Amadeus, a Madrid-based provider of software services to travel companies and distributors, generated a second-quarter profit after taxes of approximately $242 million (€237 million), versus a net loss in the sa
