Spain’s Amadeus Q3 profit 44% up 44%, according to eTtravelworld

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Spanish travel booking group Amadeus said on Tuesday that it has taken a second share this year as a result of a global recovery in air travel.

Adjusted net profit up 44 percent from the same period a year ago Total revenue of 1.39 billion euros in the same period in 2022 Total revenues 315.5 million euros ($337.7 million) 315.5 million euros ($337.7 million) 315.5 million euros ($337.7 million) 315.5 million euros 315 million was higher than the euro.

Bookings rose 12.7 percent in the third quarter with Asia-Pacific, the fastest growing region, as China reopened after the pandemic. The repurchase program represents approximately 2 percent of the company’s share capital with a maximum of 625.3 million euros. The company launched a share buyback plan of 433 million euros in June.

Amadeus shares rose 3.9 percent in early trading. Leisure Travel, this pandemic restrictions have ended, despite high inflation and rising interest rates putting a squeeze on family incomes.

Spanish airport operator AENA said on Thursday that its net profit in the first nine months of the year jumped 71% from the same period in 2022 as passenger traffic in Spain surpassed pre-pandemic levels. The company said it expects traffic to rise more than 2% in 2023 to 275 million passengers in 2023 after a strong summer.

So far this year, air traffic in southern Europe has been higher than pre-pandemic levels, while in some European countries, where business travel represents a larger share, it was still slightly lower. European Airlines, led by low-cost, strong earnings as travel demand, bookings at levels last seen in 2019, forecast to continue into winter with growth.

Ryanair, Europe’s biggest airline by passenger numbers, said on Monday it would post a full-year profit. Lufthansa, Easyjet and IAG also beat expectations with their quarterly results.

But Amadeus maintained its full-year outlook, though its travel quarter slowed in the third quarter. The group, which operates the world’s largest travel booking system, expects growth of 22.5 percent in 2023.

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