Amadeus IT Group, S.A. (OTCPK:AMADF) Q3 2020 Earnings Conference Call November 06, 2020, 07:00 AM ET Company Participants Luis Maroto - President and CEO Till Streichert - CFO Ana de Pro Gonzalo - CFO Conference Call Participants Adam Wood - Morgan Stanley Julian Serafini - Jefferies Stacy Pollard - JPMorgan Michael Briest - UBS Neil Steer - Redburn Presentation Operator Welcome to the Amadeus Third Quarter 2020 Link Presentation Webcast.
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Amadeus and Sabre on Friday each reported deeply depressed year-over-year booking and revenue trends in their distribution businesses. Yet, each saw improvements from the second quarter, when airline cancellations had outpaced new bookings and dragged net bookings into negative territory.
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By Olivia Bugault Amadeus IT Group SA said Friday that it swung to a loss in the first nine months of the year, as air-travel demand remained weak during the third quarter on the back of the... | November 6, 2020
Spanish travel booking group Amadeus on Friday unveiled a 125 million euro ($147.88 million) adjusted loss in the third quarter compared with a profit of 323 million euros in the same period a year ago, after the coronavirus pandemic ravaged the travel industry during the crucial summer season.
The Spain-based company posted a 60% slump in revenue for the first nine months of 2020 to €1.7 billion.
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