This article is available in several languages. This category only includes cookies that ensures basic functionalities and security features of the website. - September 23, 2010 Posts about Press Releases written by AmadeuS. 7 Nov 2019. Excluding the impact from the higher than usual booking cancellations, as well as related movements in the cancellation provision, the underlying Distribution revenue declined by 75.0% in the third quarter, and by 59.9% in the first nine months of 2020, when compared to 2019. In the third quarter of 2020, Amadeus passengers boarded decreased by 74.9%, impacted by the COVID-19 pandemic. We continued to make progress with our NDC program. Amadeus has made a strategic investment in Airside and its biometrically-enabled identity verification platform, which allows US citizens and Canadian visitors to the US to securely pass through customs using its Mobile Passport app. 72% of respondents, in Saudi Arabia, say they would consider international trips once restrictions are lifted, and 51% say they expect to have the same budget for … Amadeus today announces it has completed the acquisition of ICM Group Holding Limited, the ultimate head office of ICM Airport Technics (ICM), for an undisclosed sum. Alaska Airlines became the first airline in the world to implement Amadeus Revenue Management as a non-Altéa passenger service system carrier. Cambridge, Monday 5 th October 2020 – Nu Quantum, the quantum photonics company, has raised £2.1 million in Seed funding in a round led by Amadeus Capital Partners. We combine a deep understanding of how people travel with the ability to design and deliver the most complex, trusted, critical systems our customers need. Necessary cookies are absolutely essential for the website to function properly. These solutions will also pave the way for Turkish Airlines to be able to integrate content via NDC into the airline's existing infrastructure, allowing the airline to distribute content via NDC in the near future. Amadeus use cookies on this website. Veritas Intercontinental closes €5 million of new financing to expand its leadership in … Altana AI secures $7 million in seed funding to de-risk global supply chains, Machine Learning DevOps company Seldon raises £7.1m Series A, Pimloc secures £1.4m for AI-based video security and visual data privacy, Veritas Intercontinental closes €5 million of new financing to expand its leadership in preventive genomics, Ori Biotech Raises $30 Million in Series A Financing to Advance Innovation in Cell and Gene Therapy Manufacturing, Nu Quantum raises £2.1m Seed investment to accelerate the commercialisation of pioneering quantum photonics hardware, Amadeus Capital Partners & Runa Capital invest in Kontomatik, the Polish fintech disrupting open banking, Amadeus appoints new Partners Edward Kliphuis and Kai Schmitz, Lumeon Raises $30m in Funding to Support US Growth. Tuesday 24th November – New York, NY – Altana AI, a start-up working with governments, global enterprises, and supply chain solutions providers to de-risk global supply chains, announced today a seed investment of $7 million. Adjusted to exclude implementation costs which refer to costs associated with implementing the cost saving programs announced in the second quarter of 2020. Organic passenger boarded growth rates improved slightly across the quarter, declining by 75.0% compared to -93.9% in the second quarter. News. February was an exciting month for us with the launch our newly designed websites in the Middle East and beyond, great news in the Indian sub-continent as SriLankan Airlines joined the Altéa community, and the fascinating industry debate that took place at the Amadeus Airline Schedules conference. Defined as EBITDA, minus capex, plus changes in our operating working capital, minus taxes paid, minus interests and financial fees paid. Amadeus completes acquisition of ICM AIRPORT TECHNICS English English This content is only available in this language. Amadeus FiRe AG has expanded the company's Management Board by adding a COO Training & Education from two to three members. ... Press Release: 15th October 2020. Press release July 31, 2020 H1 2020 financial results Amadeus’ financial performance in first half severely impacted by COVID-19 travel shutdown First half of the year highlights (six months ended June 30, 2020) – Revenue contracted by 54.7%, to €1,281.2 million – EBITDA decreased by 83.6%, to €194.1 million The solution provides the most comprehensive, forward- looking market data in the hospitality industry. Amadeus Consulting, a custom programming company, and Breast Health and Healing Foundation celebrate the release of the LobbyMe mobile application platform. Since 1997, the firm has raised over $1bn for investment and used it to back over 160 companies. 03.11.2020 Amadeus FiRe AG expands the Management Board and appoints Chairman of the Management Board. Press release - AMA Research & Media LLP - Hotel Management Tools Market to See Huge Growth by 2025 | Honeywell, Amadeus IT Group, Johnson Controls - published on openPR.com We continue to execute well on our cost reduction measures. Finally, the hotel chain will also encourage hotels in their portfolio to use Amadeus GDS Advertising services to attract high value GDS bookings and target travel agents in any of the main global distribution systems. We also signed Long Beach International Airport (U.S.) for Amadeus Extended Airline System Environment and Common Use Self Service kiosks. In the third quarter of 2020, Distribution revenue declined by 85.3% due to a decrease in Amadeus travel agency air bookings and higher than usual booking cancellations, and to a lesser extent a lower air booking revenue per booking. Media contact: Emma Thorpe. These improvements were seen across regions. The cloud-based Amadeus solution for biometric boarding is now available for all international airlines operating at FLL to provide a contactless travel solution. This revenue decline was mainly driven by the low airline passenger boarded volumes, coupled with a contraction in revenue from our new businesses, albeit at a lesser rate than airline passenger boarded volume, partly due to subscription or license-based revenues (which are less impacted by the COVID-19 disruption) but also due to the positive effect from new customer implementations across our new businesses. Communications Advisor. Amadeus maintains solid growth supported by its diversification strategy and business resilience. Amadeus is a leading provider of travel software and solutions for the travel industry, with airlines alone using the technology to board over 1.8 billion passengers a year. The acquisition marks an important step in the Hospitality sector for Amadeus, which has a portfolio of innovative solutions serving hotels and chains of all sizes worldwide. Implementation costs incurred to achieve these cost reductions amounted to €75.8 million in the third quarter and in the first nine-month period. Press Release. We are passionate in our pursuit of better technology that makes better journeys. English English This content is only available in this language. Amadeus powers travel. Amadeus passenger boarded volumes in the third quarter included customers implemented in 2019, such as Philippine Airlines, Bangkok Airways, Air Canada, Air Europa and FlyOne, and in 2020, such as Azerbaijan Airlines, Mauritania Airlines, STARLUX Airlines, Air Tahiti, JSX and TAAG Angola. As the biggest processor of worldwide travel bookings, Amadeus manages a huge daily workload and has … Latest Press Releases and Speeches. Amadeus' solutions connect travelers to the journeys they want through travel agents, search engines, tour operators, airlines, airports, hotels, cars and railways. Till Streichert, a former Vodafone executive and Boston Consulting Group consultant, who joined Amadeus with more than 20 years' experience across a range of high-profile global financial and strategic executive positions. Additionally, Alaska Airlines is among the first airlines in the world to benefit from a new revenue forecast model created by Amadeus - Active Forecast Adjustment (AFA). Amadeus Capital Partners is a global technology investor. In Hospitality we successfully achieved a number of agreements during the third quarter, including one with Sunway Hotels & Resorts, one of Asia's most prominent international hotel groups, for Amadeus' iHotelier Central Reservation System, Guest Management Solutions and Website Management Solutions. Adjusting for the €500 million bond maturity payment on October 6, 2020, the resulting liquidity available amounted to circa €3.7 billion. As for our Hospitality transactions, they continued to outperform air volumes. ", Operating and financial highlights (nine months ended September 30, 2020). Frankfurt/Main, 3 November 2020. Travel powers progress. Contractions continued across regions, with Central, Eastern and Southern Europe and North America as the best performing regions, both supported by improvements in domestic traffic growth rates. In September, Stuttgart Airport (Germany) completed a successful migration to the Amadeus Airport Cloud Use Service (ACUS) platform, at more than 200 check-in counters and self-boarding gates, as well as the installation of 30 Amadeus self-servicecheck-in kiosks, for a smoother check-in experience. Distributed by Public, unedited and unaltered, on 09 November 2020 08:21:06 UTC, Revenue contracted by 59.8%, to €1,699.8 million, In Distribution, our travel agency bookings fell by 82.1%, to 80.1 million, In IT Solutions, our passengers boarded contracted by 63.0%, to 553.2 million. These cookies will be stored in your browser only with your consent. In September, we announced a strategic and innovative NDC distribution agreement with Air France-KLM Group. The partnership between Amadeus and AXA Partners will enable companies and business travelers using Amadeus cytric Travel & Expense to subscribe to and benefit from a high level of care, thanks to the medical and assistance solutions of AXA Partners. Press release: The AOR supergroup, Champlin Williams Friestedt, is now releasing the first single from their upcoming album “II”. Current Amadeus Chief Financial Officer Ana de Pro will leave Amadeus at the end of this year, after more than a decade at the company. Summary of operating and financial information. Ori Biotech announces a $9.4M seed round to advance innovation in Cell and Gene Therapy manufacturing. ... News A selection of thoughts, news and inside views. In September, we announced the appointment of a new Chief Financial Officer to Amadeus. 9th January 2020. Amadeus' løsninger hjælper rejsende med at finde og planlægge deres rejser gennem rejsebureauer, søgemaskiner, charterrejsebureauer, flyselskaber, lufthavne, hoteller, udlejningsbiler og tog. Also, Azores Airlines contracted Altéa NDC, our IATA-certified Level 4 solution that allows the airline to distribute advanced merchandizing offers. In the nine-month period, Distribution revenue declined by 76.9% compared to the same period of 2019. This partnership will enable Sunway to streamline reservations and loyalty programs across its 11 independent properties in Malaysia, Cambodia, and Vietnam. Subscribe now. “If they wish, international departing passengers from Fort Lauderdale can now choose a completely automated and technology-enabled experience during boarding, without the need to interact with an agent.” said Mark Gale, CEO/Director of Aviation, … "Despite this challenging background, our commercial efforts have secured us valuable deals during the quarter, with new contracts or renewals of distribution agreements with airlines, upselling activity with carriers and airports, and new customers in Hospitality. The model helps airlines adapt their revenue management systems to fluctuating air travel demand as it adjusts forecasts across all departure dates based on the latest live sales data. Mauritania Airlines, an Altéa Inventory customer, contracted and implemented Altéa DCS Flight Management. Also, as part of the new deal, Demand360 will be the exclusive provider of forward-looking data integrated into the Hilton Revenue Management System (GRO). Amadeus’ solutions connect travelers to the journeys they want through travel agents, search engines, tour operators, airlines, airports, hotels, cars and railways. If you continue to use our website then you agree to this. In the third quarter of 2020, IT Solutions revenue decreased by 52.4% compared to the same period of 2019, resulting in a contraction of 37.5% for the first nine months of the year. We also expanded our strategic partnership with Accor hoteliers to include the use of Demand360. February was an exciting month for us with the launch our newly designed websites in the Middle East and beyond, great news in the Indian sub-continent as SriLankan Airlines joined the Altéa community, and the fascinating industry debate that took place at the Amadeus Airline Schedules conference. In August, we signed an agreement with Turkish Airlines to improve their digital shopping experience. The project will initially be deployed across Europe. Schutte joins Amadeus from Hilton, responsible for online travel agencies in the Americas. This Eurobond has an annual coupon of 1.875% and an issue price of 99.194% of its nominal value. Only press releases Please select the frequency What topics are you interested in? We help connect over 1.6 billion people a year to local travel providers in over 190 countries. Corporate travel buyers, travel management companies and business travel decision-makers are now able to easily book and service reservations on the world's largest distribution system. It is mandatory to procure user consent prior to running these cookies on your website. Our customer base for Amadeus merchandizing solutions for the travel agency channel continued to expand. During the same month, we launched the Amadeus Cruise Portal. Authorized by US Department of Homeland Security, the application has already been downloaded by over 8 million passengers and is recognized in more … Alba Redondo, Amadeus, Corporate Communications, Amadeus IT Group SA published this content on 06 November 2020 and is solely responsible for the information contained therein. They help us to know a little bit about you and how you use our website, which improves the browsing experience and marketing - both for you and for others. T: +44 (0)790 997 4958 . They can upsell pre-andpost-cruise content such as air, hotel, transfers or insurance and easily offer cruise upgrades and amenities to boost revenues and efficiencies. Amadeus releases Destination X study on travelers' sentiment and intentions amidst COVID-19. Amadeus FiRe AG; Presse / News; Press Release; Press Release. With vast experience and a great network, Amadeus’ team of investors and entrepreneurs share a passion for … We also use third-party cookies that help us analyze and understand how you use this website. Español Français English English Español Français Choose your language. Following this, Amadeus cancelled the outstanding €500 million of its undrawn bridge to bond loan executed on March 25, 2020. Appoints Jason … We are one company, with a global mindset and a local presence wherever our customers need us. At Amadeus, we aim to provide detailed and reliable information to help the financial community understand our business and evaluate Amadeus as an investment opportunity, both in the equity and credit markets. As for the commercial activity in this segment, we continued making progress and signing up new customers, as well as reinforcing our relationships with existing ones. Additionally, our Commercial Paper is eligible for European Central Bank purchases under the Pandemic Emergency Purchase Program. Amadeus and Troovo team up to automate B2B travel payments Lauren Hyde. The deployment will happen in conjunction with their new terminal renovation project to facilitate the airlines sharing of ticket counter and gate resources and the automation of passenger processing. The acquisition marks an important step in the Hospitality sector for Amadeus, which has a portfolio of innovative solutions serving hotels and chains of all sizes worldwide. Press Releases MADRID – 05 October 2018 – Amadeus today announces that it has completed the USD $1.52bn acquisition of TravelClick from Thoma Bravo. European Air Transport COVID-19 Impacts and Recovery to be Worse than other Regions. Adjusted to exclude cancellation and bad debt effects associated with the. During the second and third quarter, we have been able to refinance our commercial paper maturities. ... Amadeus Capital Partners, Cambridge Enterprise, the commercialisation arm of the University of Cambridge and Partners Investment Company, as well as several angel investors. Ana will embark on the next stage of her career in 2021 outside of Amadeus, focusing on Board and Audit Committee positions as a non-executive director. ... Q3 2020 Results Press Release OLDER REPORTS Investor Kit 2019 Interactive global report. Senior VP-Technology Platforms & Engineering. Syndicate includes leading UK investors Amadeus Capital Partners, Delin Ventures and Kindred Capital. News and views from the Amadeus team and the companies we back. During the third quarter of 2020, we signed 24 new contracts or renewals of distribution agreements with airlines, amounting to a total of 56 in the first nine months of the year. The agreement establishes that Air France-KLM NDC offers will be made available for travel agents through the Amadeus Travel Platform. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. Schutte joins Amadeus from Hilton, responsible for online travel agencies in the Americas. Press release November 6, 2020 Notes to editors: Travel powers progress. As of September 30, liquidity available to Amadeus amounted to circa €4.2 billion, represented by cash (€2,952.4 million), an undrawn revolving facility (€1,000 million), and an undrawn covenant-free EIB loan (€200m). Americas. These cookies do not store any personal information. External Communications. Further to the previous measures announced, in September we strengthened our liquidity and extended our debt maturities through a €750 million. The distribution scope includes travel seller and traveler applications powered by Amadeus, as well as its flight shopping APIs, which are used by many … A main advantage for travel sellers is that they can now view and compare all available airline flights and related services for any given trip on one single screen, whether they are sourced from EDIFACT, …