Amadeus: Q4 bookings up despite cancellations, direct connects ...Middle East

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Amadeus: Q4 bookings up despite cancellations, direct connects
Bookings in Amadeus’ GDS in the fourth quarter increased 6.9% year over year to 102.2 million, the company said in its earnings report Wednesday. Bookings growth came despite a spike in cancellations related to conflict in the Middle East as well as an expansion of direct-connect airline distribution by a large North American customer, whose identity Amadeus did not disclose in its earnings report. Amadeus estimated those two occurrences cut about 6 percentage points off year-over-year growth in the fourth quarter. Air distribution revenue in the fourth quarter was up 16.9%, to 627.4 million euros. Amadeus said it renewed or signed 13 distribution agreements in the fourth quarter and that

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