Amadeus, a major Spanish travel technology firm, reported a Q2 loss of €231m ($274.57m), marking the first loss in 10 years amid the COVID-19 pandemic. The firm said the figure was less than the €305m loss that had been predicted in a Refinitiv poll. Analyst Gonzalo De Cueto noted that Amadeus is in a strong position financially, with €4.1bn ($4.83bn) in liquidity and plans to cut €250m ($295.7m) in fixed costs between 2020 and 2021.
Sail Through Time: Discover the Timeless Wonders of Upper Egypt Aboard Kenzy Dahabeya
Experience the magic of the Nile aboard Kenzy Dahabeya, a luxury boutique sailing cruise that offers an unforgettable journey between...
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