Amadeus Rides Heavy North America Travel Back to an Annual Profit
Skift Take
Amadeus has achieved its first year of profit since the pandemic.
Amadeus generated an adjusted profit of $783 million (€742.2 million) in 2022. That number is a significant improvement from 2021, which saw a loss of $47.2 million (€44.7 million), though it is still 41.2 percent below profit for 2019.
The Spain-based company primarily operates the world’s largest global distribution system, which provides information that travel agents and others use to provide booking services to customers. Amadeus also offers software for travel agents, hotels, airlines, and other travel companies.
Total revenue for the company was $4.7 billion (€4.5 billion), a 68 percent increase from 2021. Most of its revenue comes from flights booked through its distribution system.
As previously announced, Amadeus expects to recommence dividends payments this year.&n
