| Group financials for leading GDS providers - 2004 |
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| Company/unit | Revenues |
| Operating result |
| Operating margin % | Net result | Net margin % | |||
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| $ million | Change % | $ million | 2003 | 2004 | 2003 | 2004 | 2003 | 2004 | 2003 |
| Amadeus | 2,588 | 6.6% | 427 | 365 | 16.7 | 16.6 | 259 | 182 | 10.1 | 8.3 |
| Cendant | 19,785 | 9.8% | 3,392 | 3,064 | 17.1 | 17.0 | 2,082 | 1,172 | 10.5 | 6.5 |
| Travel Distr | 1,788 | 7.8% | 466 | 459 | 26.1 | 27.7 |
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| Total travel services | 10,901 | 8.6% | 1,805 | 1,534 | 16.6 | 15.3 |
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| Sabre | 2,299 | 5.1% | 259 | 166 | 11.3 | 7.6 | 190 | 83 | 8.3 | 3.8 |
| Travelocity | 503 | 27.4% |
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| Worldspan | 975 | 4.9% | 111 | 88 | 11.4 | 9.5 | 63 | 46 | 6.5 | 5.0 |
| Total GDS | 7,620 | 6.2% | 1,263 | 1,078 | 16.6 | 15.0 | 512 | 312 | 8.8 | 5.7 |
Notes: Worldspan estimated pro rata from nine month data to September 2003 Cendant operating result on EBITDA basis before depreciation. Total incl Cendant travel distribution only.
Source: Airline Business