This slightly better performance was supported by better gross travel agency air booking growth rates, and a softening in the ratio of cancellations over gross bookings. Amadeus completes acquisition of ICM AIRPORT TECHNICS English English This content is only available in this language. Media contact: Emma Thorpe. We also signed Long Beach International Airport (U.S.) for Amadeus Extended Airline System Environment and Common Use Self Service kiosks. We continued to make progress with our NDC program. The agreement enables Amadeus to integrate ATPCO’s airline rich content within its vast array of flight shopping applications and interfaces. Tuesday 24th November – New York, NY – Altana AI, a start-up working with governments, global enterprises, and supply chain solutions providers to de-risk global supply chains, announced today a seed investment of $7 million. Together, we conducted surveys and interviews with dozens of global industry experts and leveraged Amadeus’ internal expertise to compile specific, actionable ways to build and execute recovery plans across marketing, sales, revenue management, and operations. Amadeus Consulting, a custom programming company, and Breast Health and Healing Foundation celebrate the release of the LobbyMe mobile application platform. 9th January 2020. This category only includes cookies that ensures basic functionalities and security features of the website. Only press releases Please select the frequency What topics are you interested in? ... Q3 2020 Results Press Release OLDER REPORTS Investor Kit 2019 Interactive global report. Press release July 31, 2020 H1 2020 financial results Amadeus’ financial performance in first half severely impacted by COVID-19 travel shutdown First half of the year highlights (six months ended June 30, 2020) – Revenue contracted by 54.7%, to €1,281.2 million – EBITDA decreased by 83.6%, to €194.1 million Till Streichert, a former Vodafone executive and Boston Consulting Group consultant, who joined Amadeus with more than 20 years' experience across a range of high-profile global financial and strategic executive positions. Press releases matching the topic of amadeus - PresseBox. “If they wish, international departing passengers from Fort Lauderdale can now choose a completely automated and technology-enabled experience during boarding, without the need to interact with an agent.” said Mark Gale, CEO/Director of Aviation, … The model helps airlines adapt their revenue management systems to fluctuating air travel demand as it adjusts forecasts across all departure dates based on the latest live sales data. Cambridge, Monday 5 th October 2020 – Nu Quantum, the quantum photonics company, has raised £2.1 million in Seed funding in a round led by Amadeus Capital Partners. EPS corresponding to the Adjusted profit attributable to the parent company. Amadeus passenger boarded volumes in the third quarter included customers implemented in 2019, such as Philippine Airlines, Bangkok Airways, Air Canada, Air Europa and FlyOne, and in 2020, such as Azerbaijan Airlines, Mauritania Airlines, STARLUX Airlines, Air Tahiti, JSX and TAAG Angola. Adjusted to exclude cancellation and bad debt effects associated with the. In September, we announced a strategic and innovative NDC distribution agreement with Air France-KLM Group. As in the second quarter, we have adapted our commercial efforts to face this challenging situation with the COVID-19 pandemic. The best performing regions for Amadeus in the third quarter were Central, Eastern and Southern Europe, mainly driven by Russia (IATA reported positive growth in domestic air in Russia in August), and North America, supported as well by the performance in domestic traffic over the period in the United States. Amadeus' solutions connect travelers to the journeys they want through travel agents, search engines, tour operators, airlines, airports, hotels, cars and railways. Press Release . Travel powers progress. This partnership will enable Sunway to streamline reservations and loyalty programs across its 11 independent properties in Malaysia, Cambodia, and Vietnam. To find out more about Amadeus, visit www.amadeus.com. As the biggest processor of worldwide travel bookings, Amadeus manages a huge daily workload and has … ", Operating and financial highlights (nine months ended September 30, 2020). With vast experience and a great network, Amadeus’ team of investors and entrepreneurs share a passion for … As a consequence, our air travel agency bookings remained positive during the quarter, as gross bookings outweighed cancellations. Defined as EBITDA, minus capex, plus changes in our operating working capital, minus taxes paid, minus interests and financial fees paid. Amadeus IT Group, S.A. warrants that the communications related to “Privileged Information” as well as the communications related to “Other Relevant Information” shown below as per Article 226 and 227, respectively, of the Consolidated Text of the Securities Market Law, are exactly the same as the ones sent to the CNMV and/or the corresponding regulatory body. The funding round was led by Amadeus Capital Partners, a London-based venture capital firm with a long track [...], © Copyright 2020 Amadeus Capital Partners Ltd, Authorised and regulated by the Financial Conduct Authority. In the third quarter of 2020, Distribution revenue declined by 85.3% due to a decrease in Amadeus travel agency air bookings and higher than usual booking cancellations, and to a lesser extent a lower air booking revenue per booking. Ori Biotech announces a $9.4M seed round to advance innovation in Cell and Gene Therapy manufacturing. We combine a deep understanding of how people travel with the ability to design and deliver the most complex, trusted, critical systems our customers need. Additionally, Alaska Airlines is among the first airlines in the world to benefit from a new revenue forecast model created by Amadeus - Active Forecast Adjustment (AFA). Syndicate includes leading UK investors Amadeus Capital Partners, Delin Ventures and Kindred Capital. This Eurobond has an annual coupon of 1.875% and an issue price of 99.194% of its nominal value. After reaching a low in April and May, with cancellations exceeding gross bookings, volumes turned positive from mid-June and improved sequentially during the third quarter, on the back of enhanced gross booking growth rates and a slowdown in the level of cancellations. Following this, Amadeus cancelled the outstanding €500 million of its undrawn bridge to bond loan executed on March 25, 2020. Alba Redondo, Amadeus, Corporate Communications, Amadeus IT Group SA published this content on 06 November 2020 and is solely responsible for the information contained therein. 7 Nov 2019. At Amadeus, we aim to provide detailed and reliable information to help the financial community understand our business and evaluate Amadeus as an investment opportunity, both in the equity and credit markets. As for the commercial activity in this segment, we continued making progress and signing up new customers, as well as reinforcing our relationships with existing ones. Amadeus is an IBEX 35 company, listed on the Spanish Stock Exchange under AMS.MC. Amadeus releases Destination X study on travelers' sentiment and intentions amidst COVID-19. In the first nine months of 2020, Amadeus passengers boarded contracted by 63.0%. Communications Advisor. Posts about Press Releases written by AmadeuS. Also, as part of the new deal, Demand360 will be the exclusive provider of forward-looking data integrated into the Hilton Revenue Management System (GRO). As for our Hospitality transactions, they continued to outperform air volumes. At the close of September, 209 customers had contracted either of the Amadeus Passenger Service Systems (Altéa or New Skies) and 199 customers had implemented either of them. Amadeus and Troovo team up to automate B2B travel payments Lauren Hyde. Our purpose is to shape the future of travel. 10.12.2020. Latest Press Releases and Speeches. February was an exciting month for us with the launch our newly designed websites in the Middle East and beyond, great news in the Indian sub-continent as SriLankan Airlines joined the Altéa community, and the fascinating industry debate that took place at the Amadeus Airline Schedules conference. Veritas Intercontinental closes €5 million of new financing to expand its leadership in … Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. This article is available in several languages. Organic passenger boarded growth rates improved slightly across the quarter, declining by 75.0% compared to -93.9% in the second quarter. Amadeus powers travel. In September, we announced the appointment of a new Chief Financial Officer to Amadeus. Amadeus today announces it has completed the acquisition of ICM Group Holding Limited, the ultimate head office of ICM Airport Technics (ICM), for an undisclosed sum. We are one company, with a global mindset and a local presence wherever our customers need us. During the second and third quarter, we have been able to refinance our commercial paper maturities. This traffic improvement was driven by domestic air travel. Schutte joins Amadeus from Hilton, responsible for online travel agencies in the Americas. Contractions continued across regions, with Central, Eastern and Southern Europe and North America as the best performing regions, both supported by improvements in domestic traffic growth rates. They can upsell pre-andpost-cruise content such as air, hotel, transfers or insurance and easily offer cruise upgrades and amenities to boost revenues and efficiencies. Amadeus' solutions connect travelers to the journeys they want through travel agents, search engines, tour operators, airlines, airports, hotels, cars and railways. Additionally, our Commercial Paper is eligible for European Central Bank purchases under the Pandemic Emergency Purchase Program. Till and Ana are working in partnership throughout the rest of this year for the transition. Eurobond maturing in September 2028. It is mandatory to procure user consent prior to running these cookies on your website. Altana AI secures $7 million in seed funding to de-risk global supply chains, Machine Learning DevOps company Seldon raises £7.1m Series A, Pimloc secures £1.4m for AI-based video security and visual data privacy, Veritas Intercontinental closes €5 million of new financing to expand its leadership in preventive genomics, Ori Biotech Raises $30 Million in Series A Financing to Advance Innovation in Cell and Gene Therapy Manufacturing, Nu Quantum raises £2.1m Seed investment to accelerate the commercialisation of pioneering quantum photonics hardware, Amadeus Capital Partners & Runa Capital invest in Kontomatik, the Polish fintech disrupting open banking, Amadeus appoints new Partners Edward Kliphuis and Kai Schmitz, Lumeon Raises $30m in Funding to Support US Growth. During the third quarter, one airline signed Amadeus Fare Families and four airlines implemented it, while three airlines contracted Amadeus Ancillary Services for the indirect channel and four airlines implemented it. Latest Press Release: 24th November 2020. Liquidity enhancement and plans to strengthen Amadeus for the future, We remain focused on securing our business and preparing it for the future. Authorized by US Department of Homeland Security, the application has already been downloaded by over 8 million passengers and is recognized in more … 04 Jun 2019 Press Release. Press Release. The cloud-based Amadeus solution for biometric boarding is now available for all international airlines operating at FLL to provide a contactless travel solution. Summary of operating and financial information. 10 May 2019 Bolivia Brazil Chile Colombia Ecuador Mexico Panama United States Press release. News and views from the Amadeus team and the companies we back. February was an exciting month for us with the launch our newly designed websites in the Middle East and beyond, great news in the Indian sub-continent as SriLankan Airlines joined the Altéa community, and the fascinating industry debate that took place at the Amadeus Airline Schedules conference. Current Amadeus Chief Financial Officer Ana de Pro will leave Amadeus at the end of this year, after more than a decade at the company. The partnership between Amadeus and AXA Partners will enable companies and business travelers using Amadeus cytric Travel & Expense to subscribe to and benefit from a high level of care, thanks to the medical and assistance solutions of AXA Partners. Amadeus’ solutions connect travelers to the journeys they want through travel agents, search engines, tour operators, airlines, airports, hotels, cars and railways. to increase adoption across the organization's brand portfolio, which includes more than 5,000 hotels and 39 brands across 110 countries. These customer implementations, pre-COVID-19, would have added approximately 114 million passengers boarded annually. Amadeus Revenue Management will allow Alaska Airlines to optimize business processes and better understand customer behavior, improving revenue performance. The Turkish flag carrier will be able to deliver personalized offers to travellers across all platforms and devices. Frankfurt/Main, 3 November 2020. "Despite this challenging background, our commercial efforts have secured us valuable deals during the quarter, with new contracts or renewals of distribution agreements with airlines, upselling activity with carriers and airports, and new customers in Hospitality. The agreement establishes that Air France-KLM NDC offers will be made available for travel agents through the Amadeus Travel Platform. The company is also part of the EuroStoxx50 and has been recognized by the Dow Jones Sustainability Index for the last eight years. News. Amadeus Capital Partners is a global technology investor. Press releases from Amadeus Capital Partners are shared and archived here. Adjusted to exclude implementation costs which refer to costs associated with implementing the cost saving programs announced in the second quarter of 2020. The acquisition marks an important step in the Hospitality sector for Amadeus, which has a portfolio of innovative solutions serving hotels and chains of all sizes worldwide. Amadeus today announces that it has completed the USD $1.52bn acquisition of TravelClick from Thoma Bravo. Schutte joins Amadeus from Hilton, responsible for online travel agencies in the Americas. Press Release. IATA released new estimates for the impacts of COVID-19 on air transport and economies in Europe in 2020, indicating a further deterioration. Further to the previous measures announced, in September we strengthened our liquidity and extended our debt maturities through a €750 million. Amadeus FiRe AG; Presse / News; Press Release; Press Release. Paragraf Increases Series A Round to £16.2m to Accelerate Product Delivery. Alaska Airlines became the first airline in the world to implement Amadeus Revenue Management as a non-Altéa passenger service system carrier. We continue to execute well on our cost efficiency program and as of September 30, we had, over €4billion available in liquidity, which should help us navigate this crisis and adapt our business to the present reality of the sector. The press release is provided for informational purposes only. 03 Jun 2020 Press release. Press Release. Appoints Jason … - September 23, 2010 12th December 2019. A main advantage for travel sellers is that they can now view and compare all available airline flights and related services for any given trip on one single screen, whether they are sourced from EDIFACT, … Luis Maroto, President & CEO of Amadeus, commented: "Travel remained depressed in the third quarter due to the COVID-19 pandemic, although we saw a slight improvement in global air traffic across regions thanks to movement restrictions being lifted in parts of the world. In October, we announced the renewal and expansion of our business intelligence partnership with Hilton. English English This content is only available in this language. This website uses cookies to improve your experience. 2020 figures adjusted to exclude costs amounting to €75.8 million (€54.5 million post tax), incurred in the third quarter of 2020, related to the implementation of the cost saving program announced in the second quarter of 2020. 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