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.
Approach Tours Takes Its All-Inclusive Model to the Water with New Cruise Portfolio
Leading senior Canadian travel operator Approach Tours has unveiled its new cruise portfolio, marking its expansion into ocean expedition and...
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