Travel group Amadeus says bookings accelerated in June

Credit: REUTERS/ENRIQUE CALVO

Spanish travel booking group Amadeus said on Friday its second quarter adjusted net loss narrowed 90% from a year ago as demand for air travel surged ahead of the northern hemisphere's summer holiday season.

Adds air bookings, passengers boarded

July 30 (Reuters) - Spanish travel booking group Amadeus AMA.MC said on Friday its second quarter adjusted net loss narrowed 90% from a year ago as demand for air travel surged ahead of the northern hemisphere's summer holiday season.

"Air bookings and passengers boarded have gradually improved each month and accelerated in June, which has been the best performing month since the start of the pandemic," Chief Executive Luis Maroto said in a statement.

The world's biggest provider of travel booking services saw business plummet with the COVID-19 pandemic and the travel restrictions imposed around the world since early 2020.

In the three months to June, air bookings by travel agents were down 67.6% from the same period in 2019, an improvement on the 79.2% contraction recorded in the first quarter of 2021.

Amadeus posted an adjusted second quarter loss of 23.6 million euros ($28.03 million), down from a year-earlier loss of 231 million which was the company's first quarterly loss in a decade.

Analysts had expected a loss of 48 million euros, according to Refinitiv.

($1 = 0.8419 euros)

(Reporting by Anita Kobylinska in Gdansk; Editing by Inti Landauro, Kirsten Donovan)

((anita.kobylinska@tr.com; +48 58 769 65 38;))

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