Travel technology company Amadeus increased its profits by nearly 25% last year.
The global distribution system (GDS) provider made €427.4 million in profits in 2010, up from €2,683.3 million in 2009.
The rise in profits was due to an increase in the number of transactions processed, according to Luis Maroto, Amadeus’ CEO.
The total billable travel transactions jumped from 676.6 million in 2009 to 849.9 million in 2010, an increase of 25.6%.
Maroto said: “Our transaction-based model has again proven adaptable and profitable, allowing us to benefit from the significant improvement in the global travel industry during 2010.”
www.amadeus.com