Amadeus profit jumps as travel sector continues recovery
11/07/2022|5:19:26 PM|Reuters

Spanish travel booking group Amadeus reported a nine-fold leap in adjusted third-quarter profit to 220 million euros ($215 million) on Friday, driven by the travel industry's recovery from the COVID slump, Chief Executive Luis Maroto said.

Strong demand to fly this summer boosted profits at the owners of British Airways, Finnair, Air France and KLM despite capacity limits imposed at airports, staff shortages and strikes over pay.

Though third-quarter adjusted profit registered a nine-fold increase year on year, it was still 32% below the same period in 2019, Amadeus said.

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