Strong Financial Performance
Revenues grew by 13%, EBITDA increased by 13%, operating income expanded 18%, and adjusted profit grew by 20% in fiscal year 2024.
Air Distribution Growth
Air distribution grew by 11%, with accelerated revenue growth of 14% in the fourth quarter. Bookings processed experienced year-on-year growth of 9%.
Air IT Solutions Success
Revenue grew by 16% in '24, supported by air traffic growth and new customer implementations. Air France KLM contracted for Amadeus Neveo, continuing the trend set by British Airways, Saudi, and Finnair.
Hospitality and Other Solutions Expansion
Revenue increased by 12%, with notable deployments such as MGM Resorts International completing the deployment of ACRS.
Cloud Transformation Progress
60% of applications are now activated in the public cloud, with a completion target by early '26. AI and machine learning are key focuses for improving user experience and operations.
Share Repurchase Program
The Board of Directors agreed to launch a share repurchase program for a maximum investment amount of $1.3 billion over the next 12 months.