Amadeus has reported revenue of $2.4 billion for 2020, a drop of 61% compared with 2019.
The distribution giant said that while there was a slight improvement in air traffic in the final quarter of the year, the pandemic continued to severely impact travel.
The company’s EBITDA for the year was down 90% to $325 million and profit dipped 124% to a loss of $365 million.
Luis Maroto, president and CEO, said Amadeus made cost savings of $604 million in 2020 and ended 2020 with liquidity of $4.2 billion.
He adds: “Despite the shock to travel last year, many of our customers continued to invest in technology for future growth. We signed new NDC contracts while agreeing important deals in our IT Solutions segments and expanding our content…