The positive performance of Amadeus’ distribution and IT solutions businesses supported an improved financial performance in the first nine months of the year.

Amadeus saw adjusted profit rise by 5.1% year-on-year to €886.6 million in the first nine months of 2018.

This came on the back of revenue growth of 4.6% to €3.7 billion.

Earnings [ebitda] increased 8.6% to €1.6 billion.

In the distribution segment, travel agency air bookings grew 2.4% to 444.8 million.

In IT solutions, passengers boarded increased 13.8% to 1.4 billion.

The travel technology company admitted that revenue and ebitda continued to be negatively impacted by dollar verse euro exchange rate fluctuation in the third quarter, albeit to a lesser extent than in the first two quarters of the year.

President and CEO Luis Maroto said: “The strength and resilience of our core businesses has contributed once again to Amadeus’ good financial performance.

“In distribution, we signed or renewed distribution agreements with 11 carriers, including Aerolíneas Argentinas, Norwegian and Porter Airlines, amounting to a total of 35 for the first nine months of the year.

“We also achieved important milestones in our NDC (New Distribution Capability) strategy, with further players joining our NDC-X programme during the quarter, both on the distribution and IT side.

“We also increased our customer base on our airline IT business, with carriers such as Bangkok Airways signing up for the full Altéa Suite.

“In terms of upselling, Southwest Airlines signed up for the full Amadeus Sky Suite by Optym, and we expanded our partnership with Finnair, who contracted both Amadeus Network Revenue Management and Passenger Recovery.

“In Hospitality, the roll-out of the Guest Reservation System (GRS) with InterContinental Hotels Group is almost complete, with over 95% of its hotels already migrated.

“This implementation, along with the acquisition of TravelClick as we announced in August, will be a significant driver of growth for our hospitality business in the near future.”

He added: “We remain optimistic and are confident that we will continue this positive growth trend for the rest of the year.”