Demand for luxury destinations remains above 2019 levels, albeit at a slower pace, and demand for long-haul travel remains resilient
Aug 1, 2024
Spanish travel booking group Amadeus said on Wednesday it still expects healthy travel demand this year and is confident it will meet its 2024 guidance, despite an expected slowdown in bookings in the coming months.
Key takeaways
- European airlines such as low-cost Ryanair, Air France and Lufthansa have recently missed or cut profit forecasts amid rising costs and signs that the post-pandemic travel boom is fading;
- “We are moving towards more normalized traffic in the coming years,” Amadeus CEO Luis Maroto said on a conference call after the company reported quarterly results that beat analysts’ expectations;
- He added that even with some adjustments in overall airline capacity and pricing, the group was confident about the full year.
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