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Spain’s Amadeus slashes losses as air travel recovers

MADRID (AFP) – The world’s biggest travel reservations company Amadeus yesterday said losses last year had narrowed dramatically as air travel resumed after a complete halt in 2020 due to COVID.

The Spanish firm recorded an adjusted loss of EUR45 million (USD50 million) in 2021 against EUR302 million a year earlier when flights were grounded worldwide.

Amadeus, whose main service is a plane ticket reservation platform for travel agencies, made a profit of EUR62 million in the second half of 2021 after posting a EUR 107-million loss between January and June. But annual turnover and the number of passengers who boarded flights thanks to the company’s services remained well below the corresponding figures for 2019.