May 12 (Reuters) - Spanish travel booking group Amadeus reported on Tuesday a 57.5% slump in first-quarter adjusted net profit after the coronavirus outbreak triggered a wave of flight cancellations and brought international air travel to a virtual standstill.
The world’s biggest provider of booking services forecasts more pain this year, however it did not specify the numbers.
“We are confident in the resilience of the travel sector and in the underlying strength of our company, but the coming months will remain challenging for the whole sector,” president and chief executive Luis Maroto said in a statement.
Amadeus’ first-quarter revenue came in at 1.02 billion euros, in line with its own estimate of a 25% to 30% drop published in April.
Reporting by Anita Kobylinska, Editing by Tomasz Janowski