Amadeus, a travel technology company, has seen an improvement in air travel bookings after the Iran war hit their second-quarter results. According to CEO Luis Maroto, the worst impact is likely over, with a progressive improvement in bookings since June.
Impact on Bookings
The turmoil in the Middle East caused a 7.6% decline in Amadeus’ quarterly bookings due to an increased number of booking cancellations and air traffic disruptions. However, Maroto stated that the recent improvement in bookings may be a new trend or a catch-up from people who had delayed bookings with a “wait-and-see” attitude.
Amadeus posted adjusted second-quarter core earnings of €672.8 million ($774.2 million), beating analyst expectations. The company’s results were affected by the U.S.-Israeli war with Iran, which also impacted bookings in some domestic markets, including the United States.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
