Amadeus, a provider of technology solutions to the global travel industry, reported resilient financial performance in the first half of 2026 despite a challenging operating environment, with growth supported by its diversified business model and continued demand for travel technology solutions.
Group revenue increased 2.3% to €3.33 billion ($3.8 billion),
rising 5.1% at constant currency, while operating income grew 0.6% to €943.2
million.
Adjusted EBIT reached €1.01 billion, up 4.9% at constant
currency, and adjusted diluted earnings per share increased 7.3% on the same
basis.
The company generated €472.2 million in free cash flow
during the period, while net financial debt stood at €2.58 billion as of 30
June 2026, equivalent to 1.0 times last-twelve-month EBITDA.
Amadeus also completed its €500 million share repurchase
programme announced in February.
Amadeus said geopolitical developments in the Middle East
affected global air traffic from March, with weaker passenger volumes impacting
industry growth expectations.
However, the company said its diversified operations across
customers, segments and regions helped limit the impact.
Luis Maroto, President and CEO of Amadeus, said: “Amadeus
delivered solid revenue and profit growth in the first half, while maintaining
sustained commercial momentum across our businesses. Despite volumes softening
from March following the geopolitical situation in the Middle East, both
customer demand for our solutions and our commercial pipeline remained strong.
The recent slowdown in air traffic expectations has had a
limited impact on our outlook, highlighting the breadth and diversification of
our business across customers, segments and geographies.
We remain focused on delivering for our customers and
managing the business with financial discipline. At the same time, we continue
to embed artificial intelligence capabilities across our portfolio and expand
our strategic partnerships, including with Google, to orchestrate the
AI-enabled travel ecosystem.”
Amadeus’ Air IT Solutions segment recorded an 8.7% revenue
increase at constant currency, supported by additional customer solutions,
Nevio implementations, airport IT services and professional services.
Revenue per passenger boarded increased 7.5%, while
passenger volumes grew 1.1% during the first half.
The company said it continued to secure new customers across
its portfolio and made progress on its planned acquisition of IDEMIA Public
Security (IPS).
Amadeus has signed the Share Purchase Agreement and expects
required regulatory approvals by mid-2027.
Hospitality and Other Solutions (HOS) revenue rose 9.2% at
constant currency, driven by new customer implementations and higher
transactions across hospitality and payments businesses.
The company also continued expanding its Amadeus Central
Reservation System (ACRS) customer deployments.
Air Distribution revenue increased 1.1% at constant currency
during H1 2026. While the segment started the year strongly, booking growth was
affected from March by increased cancellations and travel disruptions linked to
geopolitical developments.
Bookings declined 3.7% over the six-month period, although
revenue per booking rose 5.1% at constant currency.
Amadeus said it remains focused on expanding artificial intelligence capabilities, strengthening strategic partnerships and supporting the evolution of a more connected, technology-driven travel ecosystem. -TradeArabia News Service