Amadeus posts 30% rise in profit
Adjusted net profit for the nine months ended September 30 increased 30.1% to reach €354.6m at Amadeus IT Holding. This was backed by a growth in revenue of 12.1% to €2,053.6m and an improvement in EBITDA of 16.9% to €816.6m.Consolidated net financial debt on 30 September 2010 was €2,700.3m [...]
AA fight with GDS about price and control – they will settle, says Terry Jones
Terry Jones, founder and former CEO of Travelocity and now consultant, investor, professional speaker and industry captain, believes a compromise will be reached in the dogfight between American Airlines and Travelport and Sabre.In the latest development, American Airlines said it had signed a new [...]
Abacus, Transaero to jointly increase footprint in Central Asia
Abacus International and Transaero Airlines, Russia’s second largest air carrier, have inked a marketing agreement, which will enhance the airline’s growth across the region.The two companies will work closely together to increase the volume of bookings on Transaero Airlines’ flights via the [...]
Accor makes economy all about Ibis, and puts more money into Accor brand
Accor today unveiled a major new strategy that will see it put all its economy eggs into one Ibis basket and, at the same time, will put the Accor brand more in the face of the general consumer “to meet distribution challenges”.The changes, announced by chairman and CEO, Denis Hennequin, aim to [...]
Reaching more airlines with Amadeus
Amadeus has improved travel agents’ access to the inventory, schedules and fares of nine low-cost and hybrid carriers with a total inventory of over 74 million seats sold annually.The company has signed distribution agreements with Air Arabia (Maroc), Air Méditerranée, flydubai, Porter Airlines [...]
Ctrip asserts leadership with product investments and focus on service
If there is one entity in the Chinese travel e-commerce category that stands out for its sustained investment, operational efficiency and profitability, then it has to be Ctrip.While international brands struggle to establish a feasible business model, Ctrip is expanding its reach with sustained pro [...]
Travelport acquires stake in Locomote, ups share in eNett in move to redefine travel commerce
As part of Travelport’s growing Beyond Air portfolio and its strategy to redefine travel commerce, the company has invested in Melbourne-based travel technology company, Locomote, with a 49% share.However, no other details of the the acquisition were disclosedLocomote was developed to change the c [...]
Organic growth and acquisitions fuel Amadeus’ strong H1 performance
The first half of 2014 was good for Amadeus as it reports an 8.5% increase in revenue to €1,731 million.The strong performance was supported by organic growth and the contribution of acquisitions, the company said in a media release.Adjusted profit for the period grew 8.9% to €381 million, while [...]
Emerging markets grabbing bigger piece of online travel pie
Asia Pacific (APAC), Latin America (LATAM), Eastern Europe and the Middle East are eroding Europe’s and the US’ share in online travel transactions, according to Global Online Travel Overview Third Edition, a new report by travel industry research authority PhoCusWright.After years of controlli [...]
The Wrap: Sabre’s Red App Centre sees record adoption rate
Making the news this week: Sabre’s Red App Centre’s record adoption, Fly-Thru with AirAsia, Linkedin with KLM, flights comparison engine for Lonely Planet, TripAdvisor Travellers’ Choice awardsSabre’s Red App Centre sees record adoption rateSabre Corporation reports that global user adoption [...]
