In the first quarter of 2023, Spanish specialist in flight and hotel bookings, Amadeus IT, saw a 43% increase in sales and a rise in adjusted net profit to 273.1 million euros. The company’s EBITDA also increased from 32.3% to 38.9%. This positive performance was seen as an “excellent start to the year” by Invest Securities.
However, in the second quarter, Amadeus IT’s interim accounts showed less favorable results compared to the first quarter. The article suggests that the recovery in the airline industry, one of the sectors most affected by the COVID-19 pandemic, has been delayed but is still ongoing. The article also mentions that the full content is only available to subscribers of Bourse et Placements.