You also have the option to opt-out of these cookies. Since October, and following our agreement with Southwest Airlines, the airline's complete offer for business travel is available through the Amadeus Travel Platform. These solutions will also pave the way for Turkish Airlines to be able to integrate content via NDC into the airline's existing infrastructure, allowing the airline to distribute content via NDC in the near future. Amadeus today announces it has completed the acquisition of ICM Group Holding Limited, the ultimate head office of ICM Airport Technics (ICM), for an undisclosed sum. The agreement establishes that Air France-KLM NDC offers will be made available for travel agents through the Amadeus Travel Platform. During the same month, we launched the Amadeus Cruise Portal. In September, we announced the appointment of a new Chief Financial Officer to Amadeus. The cloud-based Amadeus solution for biometric boarding is now available for all international airlines operating at FLL to provide a contactless travel solution. This Eurobond has an annual coupon of 1.875% and an issue price of 99.194% of its nominal value. Amadeus Revenue Management will allow Alaska Airlines to optimize business processes and better understand customer behavior, improving revenue performance. - September 23, 2010 The partnership between Amadeus and AXA Partners will enable companies and business travelers using Amadeus cytric Travel & Expense to subscribe to and benefit from a high level of care, thanks to the medical and assistance solutions of AXA Partners. As for our Hospitality transactions, they continued to outperform air volumes. In the third quarter of 2020, Distribution revenue declined by 85.3% due to a decrease in Amadeus travel agency air bookings and higher than usual booking cancellations, and to a lesser extent a lower air booking revenue per booking. Amadeus Consulting, a custom programming company, and Breast Health and Healing Foundation celebrate the release of the LobbyMe mobile application platform. ... News A selection of thoughts, news and inside views. Our customer base for Amadeus merchandizing solutions for the travel agency channel continued to expand. to increase adoption across the organization's brand portfolio, which includes more than 5,000 hotels and 39 brands across 110 countries. In October, we announced the renewal and expansion of our business intelligence partnership with Hilton. The solution provides the most comprehensive, forward- looking market data in the hospitality industry. Senior VP-Technology Platforms & Engineering. Since 1997, the firm has raised over $1bn for investment and used it to back over 160 companies. During the third quarter of 2020, we signed 24 new contracts or renewals of distribution agreements with airlines, amounting to a total of 56 in the first nine months of the year. ... Q3 2020 Results Press Release OLDER REPORTS Investor Kit 2019 Interactive global report. Press Releases MADRID – 05 October 2018 – Amadeus today announces that it has completed the USD $1.52bn acquisition of TravelClick from Thoma Bravo. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Using this tool, agents will have access to content from more than 30 cruise lines, almost double that which was previously offered. Subscribe now. This revenue decline was mainly driven by the low airline passenger boarded volumes, coupled with a contraction in revenue from our new businesses, albeit at a lesser rate than airline passenger boarded volume, partly due to subscription or license-based revenues (which are less impacted by the COVID-19 disruption) but also due to the positive effect from new customer implementations across our new businesses. This article is available in several languages. Amadeus and Optym partner with LATAM Airlines Group to improve its network planning Corporate Communications. Paragraf Increases Series A Round to £16.2m to Accelerate Product Delivery. 3 September 2020 Hotel News Travel Technology News Accor will recommend Demand360 for use in its properties and work with Amadeus to increase adoption across the … In the third quarter of 2020, IT Solutions revenue decreased by 52.4% compared to the same period of 2019, resulting in a contraction of 37.5% for the first nine months of the year. Contractions continued across regions, with Central, Eastern and Southern Europe and North America as the best performing regions, both supported by improvements in domestic traffic growth rates. Additionally, Alaska Airlines is among the first airlines in the world to benefit from a new revenue forecast model created by Amadeus - Active Forecast Adjustment (AFA). As of September 30, liquidity available to Amadeus amounted to circa €4.2 billion, represented by cash (€2,952.4 million), an undrawn revolving facility (€1,000 million), and an undrawn covenant-free EIB loan (€200m). These customer implementations, pre-COVID-19, would have added approximately 114 million passengers boarded annually. These cookies will be stored in your browser only with your consent. Luis Maroto, President & CEO of Amadeus, commented: "Travel remained depressed in the third quarter due to the COVID-19 pandemic, although we saw a slight improvement in global air traffic across regions thanks to movement restrictions being lifted in parts of the world. Latest Press Releases and Speeches. Amadeus is an IBEX 35 company, listed on the Spanish Stock Exchange under AMS.MC. Cambridge, Monday 5 th October 2020 – Nu Quantum, the quantum photonics company, has raised £2.1 million in Seed funding in a round led by Amadeus Capital Partners. Ana will embark on the next stage of her career in 2021 outside of Amadeus, focusing on Board and Audit Committee positions as a non-executive director. Alba Redondo, Amadeus, Corporate Communications, Amadeus IT Group SA published this content on 06 November 2020 and is solely responsible for the information contained therein. Adjusted to exclude cancellation and bad debt effects associated with the. Posts about Press Releases written by AmadeuS. These customers, pre-COVID-19, accounted for approximately 46 million passengers boarded annually. Summary of operating and financial information. Current Amadeus Chief Financial Officer Ana de Pro will leave Amadeus at the end of this year, after more than a decade at the company. The distribution scope includes travel seller and traveler applications powered by Amadeus, as well as its flight shopping APIs, which are used by many … These cookies do not store any personal information. Mauritania Airlines, an Altéa Inventory customer, contracted and implemented Altéa DCS Flight Management. In the first nine months of 2020, Amadeus travel agency air bookings fell by 82.1%. “If they wish, international departing passengers from Fort Lauderdale can now choose a completely automated and technology-enabled experience during boarding, without the need to interact with an agent.” said Mark Gale, CEO/Director of Aviation, … Necessary cookies are absolutely essential for the website to function properly. Till and Ana are working in partnership throughout the rest of this year for the transition. Schutte joins Amadeus from Hilton, responsible for online travel agencies in the Americas. Schutte joins Amadeus from Hilton, responsible for online travel agencies in the Americas. Highlights Amadeus' performance improves slightly in the third quarter thanks to domestic travel, First nine months of the year highlights (nine months ended September 30, 2020). Travel powers progress. If you continue to use our website then you agree to this. About Amadeus. Español Français English English Español Français Choose your language. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. These improvements were seen across regions. Organic passenger boarded growth rates improved slightly across the quarter, declining by 75.0% compared to -93.9% in the second quarter. Following this, Amadeus cancelled the outstanding €500 million of its undrawn bridge to bond loan executed on March 25, 2020. February was an exciting month for us with the launch our newly designed websites in the Middle East and beyond, great news in the Indian sub-continent as SriLankan Airlines joined the Altéa community, and the fascinating industry debate that took place at the Amadeus Airline Schedules conference. Ori Biotech announces a $9.4M seed round to advance innovation in Cell and Gene Therapy manufacturing. After reaching a low in April and May, with cancellations exceeding gross bookings, volumes turned positive from mid-June and improved sequentially during the third quarter, on the back of enhanced gross booking growth rates and a slowdown in the level of cancellations. As in the second quarter, we have adapted our commercial efforts to face this challenging situation with the COVID-19 pandemic. The deployment will happen in conjunction with their new terminal renovation project to facilitate the airlines sharing of ticket counter and gate resources and the automation of passenger processing. Defined as EBITDA, minus capex, plus changes in our operating working capital, minus taxes paid, minus interests and financial fees paid. We are one company, with a global mindset and a local presence wherever our customers need us. Distributed by Public, unedited and unaltered, on 09 November 2020 08:21:06 UTC, Revenue contracted by 59.8%, to €1,699.8 million, In Distribution, our travel agency bookings fell by 82.1%, to 80.1 million, In IT Solutions, our passengers boarded contracted by 63.0%, to 553.2 million. Also, as part of the new deal, Demand360 will be the exclusive provider of forward-looking data integrated into the Hilton Revenue Management System (GRO). The agreement enables Amadeus to integrate ATPCO’s airline rich content within its vast array of flight shopping applications and interfaces. Press Release. Travel powers progress. At Amadeus, we aim to provide detailed and reliable information to help the financial community understand our business and evaluate Amadeus as an investment opportunity, both in the equity and credit markets. Liquidity enhancement and plans to strengthen Amadeus for the future, We remain focused on securing our business and preparing it for the future. Adjusting for the €500 million bond maturity payment on October 6, 2020, the resulting liquidity available amounted to circa €3.7 billion. In the third quarter of 2020, Amadeus travel agency air bookings contracted by 89.8%, a minor recovery from the 113.2% air booking decline we saw in the second quarter. The hotel chain will continue to recommend Amadeus Demand360, Rate360 and Agency360 to its properties. The funding round was led by Amadeus Capital Partners, a London-based venture capital firm with a long track [...], © Copyright 2020 Amadeus Capital Partners Ltd, Authorised and regulated by the Financial Conduct Authority. Data subject's rights: You have a right access, rectify and delete your data, as well as other rights, as detailed in the additional information. In the third quarter of 2020, Amadeus passengers boarded decreased by 74.9%, impacted by the COVID-19 pandemic. This revenue decline represents an improvement from the 102.0% drop we reported in the second quarter. News. To find out more about Amadeus, visit www.amadeus.com. In October, we extended our partnership with Deutsche Bahn to enable travelers to book their journeys across multiple countries and operators including offers from different distribution systems and inventories directly at the train station. 2020-03-05 Company-internal Amadeus powers travel. The press release is provided for informational purposes only. We also signed Long Beach International Airport (U.S.) for Amadeus Extended Airline System Environment and Common Use Self Service kiosks. 03 Jun 2020 Press release. ATPCO and Amadeus announced today they have inked a long-term retailing agreement. Together in the Income Statement and in the Consolidated Statement of Cash Flows combined, we have achieved a fixed cost reduction (excluding bad debt) relative to 2019 of €144.2 million in the third quarter of 2020, and €310.3 million in the first nine months of 2020. As for the commercial activity in this segment, we continued making progress and signing up new customers, as well as reinforcing our relationships with existing ones. Our purpose is to shape the future of travel. Also, Azores Airlines contracted Altéa NDC, our IATA-certified Level 4 solution that allows the airline to distribute advanced merchandizing offers. In August, we signed an agreement with Turkish Airlines to improve their digital shopping experience. The Turkish flag carrier will be able to deliver personalized offers to travellers across all platforms and devices. Together, we conducted surveys and interviews with dozens of global industry experts and leveraged Amadeus’ internal expertise to compile specific, actionable ways to build and execute recovery plans across marketing, sales, revenue management, and operations. Amadeus' solutions connect travelers to the journeys they want through travel agents, search engines, tour operators, airlines, airports, hotels, cars and railways. 2020 figures adjusted to exclude costs amounting to €75.8 million (€54.5 million post tax), incurred in the third quarter of 2020, related to the implementation of the cost saving program announced in the second quarter of 2020. As the biggest processor of worldwide travel bookings, Amadeus manages a huge daily workload and has … 7 Nov 2019. Altana AI secures $7 million in seed funding to de-risk global supply chains, Machine Learning DevOps company Seldon raises £7.1m Series A, Pimloc secures £1.4m for AI-based video security and visual data privacy, Veritas Intercontinental closes €5 million of new financing to expand its leadership in preventive genomics, Ori Biotech Raises $30 Million in Series A Financing to Advance Innovation in Cell and Gene Therapy Manufacturing, Nu Quantum raises £2.1m Seed investment to accelerate the commercialisation of pioneering quantum photonics hardware, Amadeus Capital Partners & Runa Capital invest in Kontomatik, the Polish fintech disrupting open banking, Amadeus appoints new Partners Edward Kliphuis and Kai Schmitz, Lumeon Raises $30m in Funding to Support US Growth. "Looking ahead to the rest of the year and the winter, the situation remains highly uncertain due to the second wave of the pandemic. With this new agreement, Accor will recommend Demand360 for use in its properties and work with Amadeus. Americas. This website uses cookies to improve your experience while you navigate through the website. But opting out of some of these cookies may affect your browsing experience. The best performing regions for Amadeus in the third quarter were Central, Eastern and Southern Europe, mainly driven by Russia (IATA reported positive growth in domestic air in Russia in August), and North America, supported as well by the performance in domestic traffic over the period in the United States. 03.11.2020 Amadeus FiRe AG expands the Management Board and appoints Chairman of the Management Board. This traffic improvement was driven by domestic air travel. Amadeus use cookies on this website. ... Amadeus Capital Partners, Cambridge Enterprise, the commercialisation arm of the University of Cambridge and Partners Investment Company, as well as several angel investors. Eurobond maturing in September 2028. ... Press Release: 15th October 2020. The result seen by the properties that have recently completed the pilot of this integration is refined decision making, enabling revenue improvement. In Hospitality we successfully achieved a number of agreements during the third quarter, including one with Sunway Hotels & Resorts, one of Asia's most prominent international hotel groups, for Amadeus' iHotelier Central Reservation System, Guest Management Solutions and Website Management Solutions. The press release is provided for informational purposes only. Press Release. This partnership will enable Sunway to streamline reservations and loyalty programs across its 11 independent properties in Malaysia, Cambodia, and Vietnam. European Air Transport COVID-19 Impacts and Recovery to be Worse than other Regions. We combine a deep understanding of how people travel with the ability to design and deliver the most complex, trusted, critical systems our customers need. Frankfurt/Main, 3 November 2020. Based on our credit facility agreements' definition. Media contact: Emma Thorpe. Press release - AMA Research & Media LLP - Hotel Management Tools Market to See Huge Growth by 2025 | Honeywell, Amadeus IT Group, Johnson Controls - published on openPR.com At the close of September, 111 airlines had signed up for Amadeus Fare Families, and 168 airlines had contracted Amadeus Ancillary Services. Altana AI secures $7 million in seed funding to de-risk global supply chains. Amadeus Capital Partners is a global technology investor. Till Streichert, a former Vodafone executive and Boston Consulting Group consultant, who joined Amadeus with more than 20 years' experience across a range of high-profile global financial and strategic executive positions. Soft Xpansion celebrates 25th Anniversary. Download the eBooks. We help connect over 1.6 billion people a year to local travel providers in over 190 countries. Amadeus passenger boarded volumes in the third quarter included customers implemented in 2019, such as Philippine Airlines, Bangkok Airways, Air Canada, Air Europa and FlyOne, and in 2020, such as Azerbaijan Airlines, Mauritania Airlines, STARLUX Airlines, Air Tahiti, JSX and TAAG Angola. The project will initially be deployed across Europe. Amadeus powers travel. In September, we announced a strategic and innovative NDC distribution agreement with Air France-KLM Group. Tuesday 24th November – New York, NY – Altana AI, a start-up working with governments, global enterprises, and supply chain solutions providers to de-risk global supply chains, announced today a seed investment of $7 million. Press releases matching the topic of amadeus - PresseBox. Press release: The AOR supergroup, Champlin Williams Friestedt, is now releasing the first single from their upcoming album “II”. Press releases from Amadeus Capital Partners are shared and archived here. Press release July 31, 2020 H1 2020 financial results Amadeus’ financial performance in first half severely impacted by COVID-19 travel shutdown First half of the year highlights (six months ended June 30, 2020) – Revenue contracted by 54.7%, to €1,281.2 million – EBITDA decreased by 83.6%, to €194.1 million Amadeus completes acquisition of ICM AIRPORT TECHNICS English English This content is only available in this language. In September, Stuttgart Airport (Germany) completed a successful migration to the Amadeus Airport Cloud Use Service (ACUS) platform, at more than 200 check-in counters and self-boarding gates, as well as the installation of 30 Amadeus self-servicecheck-in kiosks, for a smoother check-in experience. 72% of respondents, in Saudi Arabia, say they would consider international trips once restrictions are lifted, and 51% say they expect to have the same budget for … Only press releases Please select the frequency What topics are you interested in? In the nine-month period, Distribution revenue declined by 76.9% compared to the same period of 2019. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. A main advantage for travel sellers is that they can now view and compare all available airline flights and related services for any given trip on one single screen, whether they are sourced from EDIFACT, … 9th January 2020. Amadeus today announces that it has completed the USD $1.52bn acquisition of TravelClick from Thoma Bravo. In the first nine months of 2020, Amadeus passengers boarded contracted by 63.0%. We are passionate in our pursuit of better technology that makes better journeys. We continue to execute well on our cost efficiency program and as of September 30, we had, over €4billion available in liquidity, which should help us navigate this crisis and adapt our business to the present reality of the sector. Syndicate includes leading UK investors Amadeus Capital Partners, Delin Ventures and Kindred Capital. T: +44 (0)790 997 4958 . Amadeus releases Destination X study on travelers' sentiment and intentions amidst COVID-19. We have developed our technology in partnership with the travel industry for over 30 years. 04 Jun 2019 Press Release. Finally, the hotel chain will also encourage hotels in their portfolio to use Amadeus GDS Advertising services to attract high value GDS bookings and target travel agents in any of the main global distribution systems. Excluding the impact from the higher than usual booking cancellations, as well as related movements in the cancellation provision, the underlying Distribution revenue declined by 75.0% in the third quarter, and by 59.9% in the first nine months of 2020, when compared to 2019. Alaska Airlines became the first airline in the world to implement Amadeus Revenue Management as a non-Altéa passenger service system carrier. The airline also signed up for the Amadeus Payments Platform and Amadeus Metaconnect solutions. IATA released new estimates for the impacts of COVID-19 on air transport and economies in Europe in 2020, indicating a further deterioration. Amadeus FiRe AG has expanded the company's Management Board by adding a COO Training & Education from two to three members. Amadeus FiRe AG; Presse / News; Press Release; Press Release. The company is also part of the EuroStoxx50 and has been recognized by the Dow Jones Sustainability Index for the last eight years. English English This content is only available in this language. News and views from the Amadeus team and the companies we back. This category only includes cookies that ensures basic functionalities and security features of the website. This slightly better performance was supported by better gross travel agency air booking growth rates, and a softening in the ratio of cancellations over gross bookings. 10 May 2019 Bolivia Brazil Chile Colombia Ecuador Mexico Panama United States Press release. They help us to know a little bit about you and how you use our website, which improves the browsing experience and marketing - both for you and for others. Amadeus' solutions connect travelers to the journeys they want through travel agents, search engines, tour operators, airlines, airports, hotels, cars and railways. ", Operating and financial highlights (nine months ended September 30, 2020). 12th December 2019. The acquisition marks an important step in the Hospitality sector for Amadeus, which has a portfolio of innovative solutions serving hotels and chains of all sizes worldwide. The model helps airlines adapt their revenue management systems to fluctuating air travel demand as it adjusts forecasts across all departure dates based on the latest live sales data. The acquisition marks an important step in the Hospitality sector for Amadeus, which has a portfolio of innovative solutions serving hotels and chains of all sizes worldwide. Press Release. Amadeus' løsninger hjælper rejsende med at finde og planlægge deres rejser gennem rejsebureauer, søgemaskiner, charterrejsebureauer, flyselskaber, lufthavne, hoteller, udlejningsbiler og tog. We continued to make progress with our NDC program. Communications Advisor. They can upsell pre-andpost-cruise content such as air, hotel, transfers or insurance and easily offer cruise upgrades and amenities to boost revenues and efficiencies. Amadeus powers travel. Press Release . We also use third-party cookies that help us analyze and understand how you use this website. We also continued to expand our content offer beyond air. Tuesday 24th  November – New York, NY – Altana AI, a start-up working with governments, global enterprises, and supply chain solutions providers to de-risk global supply chains, announced today a seed investment of $7 million. During the third quarter, one airline signed Amadeus Fare Families and four airlines implemented it, while three airlines contracted Amadeus Ancillary Services for the indirect channel and four airlines implemented it. It is mandatory to procure user consent prior to running these cookies on your website. Additionally, our Commercial Paper is eligible for European Central Bank purchases under the Pandemic Emergency Purchase Program. Amadeus and Troovo team up to automate B2B travel payments Lauren Hyde. Amadeus IT Group, S.A. warrants that the communications related to “Privileged Information” as well as the communications related to “Other Relevant Information” shown below as per Article 226 and 227, respectively, of the Consolidated Text of the Securities Market Law, are exactly the same as the ones sent to the CNMV and/or the corresponding regulatory body. As a consequence, our air travel agency bookings remained positive during the quarter, as gross bookings outweighed cancellations. We also expanded our strategic partnership with Accor hoteliers to include the use of Demand360. Press release November 6, 2020 Notes to editors: Travel powers progress. This global solution is available now in the United States and Canada, and it will be then rolled out to other markets. Further to the previous measures announced, in September we strengthened our liquidity and extended our debt maturities through a €750 million. 10.12.2020. Authorized by US Department of Homeland Security, the application has already been downloaded by over 8 million passengers and is recognized in more … Amadeus is a leading provider of travel software and solutions for the travel industry, with airlines alone using the technology to board over 1.8 billion passengers a year. February was an exciting month for us with the launch our newly designed websites in the Middle East and beyond, great news in the Indian sub-continent as SriLankan Airlines joined the Altéa community, and the fascinating industry debate that took place at the Amadeus Airline Schedules conference. "Despite this challenging background, our commercial efforts have secured us valuable deals during the quarter, with new contracts or renewals of distribution agreements with airlines, upselling activity with carriers and airports, and new customers in Hospitality. All topics Airlines Airports ... Amadeus Affiliates and Third Party Service Providers. Amadeus announces today that Selling Platform Connect, its cloud-based booking platform, now allows travel sellers to shop, order, pay and service airline travel offers via an NDC connectivity. EPS corresponding to the Adjusted profit attributable to the parent company. 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