Amadeus sees healthy 2024 travel demand despite slower bookings
July 31 (Reuters) -Spanish travel booking group Amadeus AMA.MC said on Wednesday it still expects healthy travel demand this year and is confident it will meet its 2024 guidance despite an expected slowdown in bookings in the coming months.
European airlines such as low-cost Ryanair RYA.I, Air France AIRF.PA and Lufthansa LHAG.DE have missed or cut earnings forecasts recently amid rising costs and signs the post-pandemic boom in travel is fading.
"We are evolving towards more normalised traffic in the years to come," Amadeus CEO Luis Maroto said on a conference call after the company reported quarterly results that topped analysts' expectations.
He added that even with some adjustments in airlines' total capacity and pricing, the group felt confident about the full year.
In February, the company said it expected 2024 revenue growth of between 11% and 14.5%. Revenue rose almost 13% to 1.56 billion euros ($1.7 billion) in the second quarter, while net profit jumped 25%, supported by revenue growth in all its segments.
Spain's fifth-largest listed company by market capitalisation expects a slower third quarter compared to April-June, but then bookings should bounce back in the last three months of 2024 as appetite for travel remains strong, it said.
Maroto told Reuters that luxury destination demand remains above 2019 levels, although the pace is slowing, and long-haul travel demand remains resilient.
Amadeus said it does not expect any impact on its third-quarter results from the global IT outage which affected numerous industries including airlines earlier this month.
($1 = 0.9223 euros)
Reporting by Matteo Allievi and Jakub Olesiuk, editing by Emelia Sithole-Matarise
Aloqador aktivlar
Eng oxirgi yangiliklar
Javobgarlikdan voz kechish: XM Group korxonalari har biri faqat ijro xizmatlarini koʻrsatadi va onlayn savdo platformamizdan foydalanish huquqini beradi, bu odamga veb-saytda yoki veb-sayt orqali mavjud boʻlgan kontentni koʻrish va/yoki undan foydalanishga ruxsat beradi hamda uni oʻzgartirishga moʻljallanmagan va uni oʻzgartirmaydi yoki kengaytirmaydi. Bunday kirish va foydalanish huquqi doimo quyidagilarga boʻysunadi: (i) Shartlar va qoidalar; (ii) Risklar haqida ogohlantirish; va (iii) Javobgarlikni toʻliq rad etish. Shuning uchun bunday kontent umumiy maʼlumot sifatida taqdim etiladi. Xususan, shuni esda tutingki, bizning onlayn savdo platformamiz mazmuni moliyaviy bozorlarda biror bitimni amalga oshirishga oid maslahat yoki taklif emas. Har qanday moliyaviy bozorda savdo qilish sizning kapitalingiz uchun jiddiy risk darajasini oʻz ichiga oladi.
Onlayn savdo platformamizda chop etilgan barcha materiallar faqat taʼlim/axborot maqsadlari uchun moʻljallangan va unda moliyaviy, investitsiya soligʻi yoki savdo maslahatlari va tavsiyalar; yoki bizning savdo narxlarimizning qaydlari; yoki har qanday moliyaviy vositalar bilan bitim tuzish maslahati yoki taklifi; yoki sizga kerak boʻlmagan moliyaviy reklama aksiyalari hisoblanmaydi
Har qanday uchinchi tomon kontenti, shuningdek XM tomonidan tayyorlangan kontent, masalan: fikrlar, yangiliklar, tadqiqotlar, tahlillar, narxlar va boshqa maʼlumotlar yoki bu veb-saytda joylashgan uchinchi tomon saytlariga havolalar umumiy bozor sharhi sifatida "boricha" taqdim etiladi va investitsiya maslahatini tashkil etmaydi. Har qanday kontent investitsiya tadqiqoti sifatida talqin qilinsa, siz bunday kontentni investitsiya tadqiqotlarining mustaqilligini ragʻbatlantirish uchun moʻljallangan qonun talablariga muvofiq moʻljallanmagan va tayyorlanmaganligini eʼtiborga olishingiz va qabul qilishingiz kerak, shuning uchun unga tegishli qonunlar va qoidalarga muvofiq marketing kommunikatsiyasi sifatida qaraladi. Mustaqil boʻlmagan investitsiya tadqiqoti va yuqoridagi maʼlumotlarga oid risk haqida ogohlantirishimizni oʻqib chiqqaningizga va tushunganingizga ishonch hosil qiling, unga bu yerdan kirish mumkin.
