Amadeus meets profit expectations, reiterates 2026 guidance at lower end of range
Amadeus meets profit expectations, reiterates 2026 guidance at lower end of range Nov 6 (Reuters) - Spanish travel technology company Amadeus AMA.MC reported third-quarter core earnings largely in line with market expectations on Friday, citing a notable improvement in bookings compared with the previous three months.
Amadeus, which operates the world's largest travel booking system, has faced a difficult year dealing with a selloff of tech shares spurred by AI-related fears and a protracted war in the Middle East that has disrupted the travel industry.
CEO Luis Maroto said Amadeus was on track to deliver on its 2026 outlook, but at the lower end of the range, citing the impact of the Middle East conflict
The company had trimmed its 2026 revenue outlook in July after the Iran war hit its bookings
Bookings increased by more than 10% quarter-on-quarter, with Amadeus reporting improvement across all regions
It said a sharp rebound in boarded passengers in the Middle East and Africa region coupled with a solid performance in Europe more than offset slightly weaker numbers from some Southeast Asian carriers
Amadeus booked third-quarter core earnings of €694.1 million ($777.3 million), slightly above analysts' average estimate of €691.5 million, according to LSEG data
($1 = 0.8930 euros)
(Reporting by Javi West Larrañaga and Gemma Guasch in Gdansk, editing by Milla Nissi-Prussak)
((Javier.West@thomsonreuters.com; +34 918 35 61 12;))