Spain's Amadeus expects strong travel demand to boost Q2 revenue [Reuters]
BANKINTER SA S/ADR (BKNIY)
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Source: Reuters
MADRID, May 8 (Reuters) - Spanish travel booking group Amadeus said on Wednesday it expects its revenue to jump in the second quarter compared to the first three months of the year as demand remains strong despite higher costs for airline tickets "If we take together the first quarter with the estimates for April, we see a growth close to 4% (from a year ago)," Amadeus CEO Luis Maroto said in a call with analysts. Total bookings grew 2.8% to 125.2 million in the first quarter, benefiting from the Easter holiday at the end of March, though they were still below 2019's pre-pandemic level of 162.6 million. The rise in bookings was led by a 31% jump in the Asia Pacific region. "Amadeus' figures are on a positive recovery path that will take it back to pre-pandemic levels this year," brokerage Bankinter wrote in a note. Amadeus shares were up around 3% at 1214 GMT. Amadeus's first-quarter adjusted net profit rose 20% to 325 million euros ($349.05 million), beating LSEG-polled
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