Amadeus Bookings Rebound Over 10% but 2026 Outlook Remains Cautious

How strong was Amadeus's third quarter booking recovery?

Bookings increased more than 10% from the second quarter to 121.2 million, with sequential improvements across all regions, although volumes remained 0.8% below the third quarter of 2025.

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Why does the booking rebound matter for Amadeus's business?

Higher booking volumes support transaction driven Air Distribution revenue, while a 5.0% constant currency increase in revenue per booking helped the segment grow revenue despite a 2.8% booking decline during the first nine months of 2026.

Did Amadeus beat third quarter profit expectations?

Third quarter core earnings of €694.1 million slightly exceeded the €691.5 million analyst consensus reported by LSEG, while group revenue reached €1.74 billion, increasing 6.4% from a year earlier.

Why is Amadeus still targeting the lower end of its 2026 guidance?

CEO Luis Maroto maintained the company's annual outlook but indicated results would likely reach its lower end because ongoing Middle East instability continues to disrupt air traffic and bookings.

What could the recovery mean for Amadeus shares?

The rebound could strengthen the earnings outlook for publicly traded Amadeus IT Group if booking growth continues, supported by third quarter adjusted EBIT growth of 7.5%, although weaker annual booking volumes and geopolitical disruption remain important risks.

What should Amadeus investors watch next?

Investors should assess fourth quarter booking volumes and Air Distribution revenue to determine whether the sequential recovery can offset Middle East disruptions and support delivery of the company's 2026 guidance.