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Amadeus IT Group SA (AMA.MC)

AMA.MC on Madrid SE C.A.T.S.

45.40EUR
5:41pm IST
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Fri, Jul 31 2020

Travel technology firm Amadeus reports smaller-than-expected loss

Spanish travel technology firm Amadeus' reported its first loss in a decade in the second quarter when airlines around the world were grounded due to the COVID-19 pandemic, but the loss was less than expected.

UPDATE 2-Travel technology firm Amadeus reports smaller-than-expected loss

(Adds share price, analyst comment) By Anita Kobylinska July 31 Spanish travel technology firm Amadeus' reported its first loss in a decade in the second quarter when airlines around the world were grounded due to the COVID-19 pandemic, but the loss was less than expected. Amadeus, the world's biggest provider of booking services, reported a 231 million euro ($274.57 million) loss in April to June, compared to a 305 million euro loss forecast by analysts in a Re

Amadeus has enough liquidity even if COVID-19 crisis goes beyond 2020

Spanish travel booking group Amadeus assured on Tuesday it has enough liquidity and scope for cost cuts to cope with curbs to air travel caused by the coronavirus pandemic even if the crisis extends beyond this year.

UPDATE 2-Amadeus has enough liquidity even if COVID-19 crisis goes beyond 2020

May 12 Spanish travel booking group Amadeus assured on Tuesday it has enough liquidity and scope for cost cuts to cope with curbs to air travel caused by the coronavirus pandemic even if the crisis extends beyond this year.

BRIEF-Amadeus Says Travel Agency Air Bookings Down By 47.7% At End-March

* IN DISTRIBUTION, ITS TRAVEL AGENCY AIR BOOKINGS DECREASED BY 47.7%, TO 85.0 MILLION AT END-MARCH

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