Amadeus IT Group SA

AMS: XMAD (ESP)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Amadeus Earnings: Competitive Advantage Unfazed Amid Near-Term Middle East Conflict

Dan Wasiolek

May 8, 2026

Amadeus' first-quarter sales grew 3.1% (7.9% in constant currency). Air bookings decreased 0.2% due to the Middle East conflict. Constant currency adjusted EBITDA margins decreased 20 basis points to 39.3%.

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Amadeus IT Group SA

Amadeus Earnings: Competitive Advantage Unfazed Amid Near-Term Middle East Conflict

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