Amadeus, a travel technology company, reported that in the first quarter of 2026, revenue increased by 3.1%, or 7.9% at constant currency.
Adjusted EBIT rose by 6.6% at constant currency, while
adjusted diluted earnings per share expanded by 8.8%.
Free cash flow reached €273.6 million ($323 million), representing a 4.5% increase compared to Q1 2025.
As of March 31, 2026, net financial debt stood at €2,586.0
million, equivalent to 1.0 times last-twelve-month EBITDA.
The company also continued executing its €500 million share
repurchase programme announced in late February 2026.
Luis Maroto, President & CEO of Amadeus, commented: “Amadeus reported solid revenue and
profit growth in the first quarter. While volumes moderated in March, following
the geopolitical situation in the Middle East, we continue to demonstrate
strong commercial momentum. We are closely monitoring the uncertain macro
context, with the range of impacts making it difficult to predict in the
short-term. We are currently expecting
to deliver within our guided expectations for 2026, and we will update the
market if this changes.”
Maroto
added:” We are positive about the future and firmly focused on long‑term
growth. We continue to expand our reach across the travel ecosystem, increase
the number of customers adopting our solutions, broaden the range of solutions
used by our customers, expand our AI capabilities, and demonstrate the
transversal strength of our portfolio.”
Maroto concluded:
“At the same time, we continue to invest in the future through our planned
acquisition of leading biometrics and identity services provider IDEMIA Public
Security (IPS). This deal fits naturally into Amadeus’ strategy and will
improve the traveler experience by reducing friction and enabling more
integrated travel journeys. It will also reinforce our commitment to investing
in transformative technology such as biometrics as part of our platform
strategy, supporting our broader ambition to become an orchestrator of an
AI-enabled travel ecosystem”.
Business Evolution
The Air IT Solutions segment delivered revenue growth of
7.5%, or 12.0% at constant currency, driven by a 3.1% increase in passengers
boarded and an 8.6% rise in revenue per passenger boarded.
Growth in revenue per passenger accelerated versus Q4 2025,
supported by positive pricing dynamics, increased adoption of solutions, and
contributions from the Amadeus Nevio offering.
Airline Professional Services also recorded strong growth,
alongside rebooking-related revenues linked to Middle East disruptions,
highlighting business resilience.
Hospitality and Other Solutions revenue rose by 3.2%, or
9.8% at constant currency, driven by new customer implementations and higher
transaction volumes in Hospitality and Payments.
In Air Distribution, revenue increased by 0.1%, or 4.6% at
constant currency.
While booking volumes were impacted in March by geopolitical
disruptions, underlying commercial performance remained strong.
Revenue per booking grew by 4.8% at constant currency, supported by sustained positive pricing trends. -TradeArabia News Service
