Amadeus climbs as resilient bookings offset Middle East concerns
BUZZ-Amadeus climbs as resilient bookings offset Middle East concerns ** Shares in Amadeus AMA.MC rise about 2% following Q3 results in line with expectations and a reiterated FY guidance, helped by improved bookings despite the Middle East conflict
** J.P. Morgan says the company's Q3 revenue and adjusted EBIT are broadly in line with consensus
** The company says it is on track to deliver on its 2026 outlook, but at the lower end of the range, citing the impact of the Middle East conflict
** "Into Q4, customer implementations continue to progress and Distribution performs healthily, despite the Middle East situation," JPM adds
** "Despite what should be an unfavourable mix (more EMEA, more leisure) its booking trends were roughly in line with Sabre's YoY," Bernstein says
** Shares are at their highest since January
($1 = 0.8930 euros)
(Reporting by Gemma Guasch)