Amadeus IT Group SA A AMADF
Morningstar’s Analysis
1-Star Price
PREMIUM
5-Star Price
PREMIUM
Economic Moat
PREMIUM
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Company Profile
Among the top three operators, Amadeus has the world’s largest share of air global distribution system bookings at 44% as of year-end 2019. The GDS segment represents 56% of total revenue. The company has a growing IT solutions division (44% of sales) that addresses the airline, airport, rail, hotel, and business intelligence markets. Transaction fees, which are tied to volume and not price, account for the bulk of revenue and profits.