Amadeus' interim revenues climb 11%

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Travel industry technology and distribution specialist Amadeus has posted an 11% revenue increase for the first six months of 2007.

For the period ended 30 June, Amadeus says its total revenues reached €1.5 billion ($2 billion). Total bookings rose by 6.7% to reach €281.5 million.

Amadeus president and CEO Jose Antonio Tazon says: “We have calculated that our travel agency partners booked €31.7 billion worth of air tickets on Amadeus in the first half of 2007, clearly demonstrating the continuing value of the travel agency channel for our airline partners.”

Airlines also generated €3.6 billion through their own Internet sites using Amadeus technology, he says, marking a 38% increase.

On-line airline reservations grew by 20.4% over the six-month period, representing 17.4% of total air bookings, while Amadeus’ travel agency-based airline reservations market share rose by 2.4 points to 32.9%.

Tazon adds: “By 2010, we will have completely decommissioned our legacy transaction protocol framework technology and will be running 100% on next generation open systems. This gives us confidence that we will continue to deliver high value technology solutions to the industry for many years to come.”

The firm lists a ten-year Amadeus Altea deal with Cathay Pacific among the highlights of the year-to-date. Amadeus adds that it has signed low-fare content agreements with over 150 airlines in 2007.

Amadeus has 209 airline users in its electronic-ticket community. It says 78% of tickets which it issued over the six month period were e-tickets.