Amadeus profit leaps as travel sector continues recovery

Published by
Reuters UK

MADRID (Reuters) -Spanish travel booking group Amadeus on Friday posted a ninefold leap in adjusted third-quarter profit to 220 million euros ($215 million) as the travel industry bounced back from two years of COVID-related restrictions. The sector’s recovery from the pandemic accelerated and international tourism took off strongly in 2022 after the Omicron variant of the virus resulted in a temporary slowing of the industry’s return to normal at the end of last year. “Our strong operating performance, solid commercial activity and the ongoing recovery in travel volumes make us confident for …

Read More