Amadeus has posted 2022 revenue at €4,485.9 million, a 68.0% increase compared to the previous year, representing 80.5% of 2019 revenue. EBITDA amounted to €1,640.3 million, an improvement of 161.4% from 2021, or 73.5% of 2019 levels. Meanwhile, adjusted profit amounted to €742.2 million, versus a loss of €44.7 million in 2021, or 58.8% of 2019 levels.
Luis Maroto, President & CEO of Amadeus, commented, “2022 was a strong year for Amadeus. Global air traffic continued to recover, and we had important customer wins and market share gains during the year. We remained highly focused on our investment plans, particularly to support customer implementations and advance in key strategic areas. Our financial performance strengthened considerably.
“Looking ahead, we are optimistic about the future of the travel industry and the opportunity for Amadeus. Into 2023, as volumes recover, our financial performance is expected to advance further”.
In Air Distribution, in the fourth quarter of 2022, Amadeus’ bookings were 28.3% less than in the fourth quarter of 2019. For the whole year, Amadeus’ bookings were 31.7% below 2019 (and up 92.0% compared to 2021). Our best performing region in 2022 was North America, which grew 2.9% compared to 2019, and it is now our largest region by bookings, representing 30.8% of Amadeus’ total bookings. In the year, revenue in this segment was 27.0% below 2019, due to lower booking volumes.
Despite the negative effect from a higher weight of local bookings compared to 2019, in 2022 the revenue per booking increased, supported by various positive pricing effects and a positive foreign exchange impact.
In Air IT Solutions, in the fourth quarter Amadeus passengers boarded (PB) were 15.6% lower than in the same period of 2019. For 2022, PB were 22.8% below 2019. Our best performing region in the year was North America, which reported 11.1% PB volume growth compared to 2019. Revenue per PB grew in 2022 by 11.4% versus 2019, mainly due to revenue lines not linked to the PB evolution reporting healthier growth rates than airline passengers boarded, and positive pricing partially offset by mix impacts. The revenue per PB was also impacted by positive foreign exchange effects, relative to 2019. For the whole of 2022, Air IT Solutions revenue was €1,565.4 million, 14.0% below 2019 revenue.
Finally, in the fourth quarter Hospitality & Other Solutions revenue was 3.6% higher than in the same period of 2019. For the whole of 2022, revenue in the Hospitality & Other Solutions decreased by 4.2% compared to 2019, impacted by the effects of the COVID-19 pandemic. Within Hospitality, Amadeus registered quarter-on-quarter performance improvements compared to 2019 across all revenue lines.