Amadeus IT Group stock gained 1.34 percent on October 2, 2026

Published on 10/04/2026 at 17:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Amadeus IT Group stock carries a EUR 69.61 consensus target on October 3, while first-half revenue reached EUR 3,335 million. Free cash flow guidance remains EUR 1.35 billion to EUR 1.45 billion.

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Amadeus IT Group (ISIN ES0109067019) was last at EUR 52.80 on the BME on October 2, 2026, at 5:38 p.m. CEST, up 1.34 percent from the prior close. The move came as investors weighed the travel technology companys first-half growth, its revised 2026 outlook and a fresh commercial rollout with Japan Airlines.

First half keeps margins steady

According to Yahoo Finance in the July 31, 2026 earnings call, first-half revenue reached EUR 3,335 million, representing 2 percent reported growth and 5 percent growth at constant currency. Adjusted EBIT rose 4 percent on a reported basis to EUR 1,012 million, while the adjusted EBIT margin was 29.8 percent.

The comparison is mixed in a precise way: Air IT solutions revenue grew 8.7 percent at constant currency, while Air Distribution revenue increased 1.1 percent and bookings declined 3.7 percent. Hospitality and Other Solutions revenue grew 9.2 percent at constant currency, giving Amadeus a second engine beyond airline transaction volumes.

Cash flow cushions the outlook

Amadeus generated EUR 472 million of free cash flow in the first half of 2026, equal to 1 percent growth, according to Yahoo Finance. Management retained its 2026 free cash flow outlook at EUR 1.35 billion to EUR 1.45 billion, while group revenue growth guidance was revised to a mid- to high-single-digit range.

The revised outlook reflects weaker air traffic and booking conditions linked to Middle East geopolitical disruption. At the same time, the company expects adjusted diluted EPS growth in the high-single-digit to low-double-digit range and stable adjusted EBIT margins, preserving a financial framework that is more resilient than the booking figure alone suggests.

AI thesis meets commercial rollout

Deutsche Bank upgraded Amadeus to Buy from Hold on September 16, 2026, and lifted its price target to EUR 71.50 from EUR 58.00, as Yahoo Finance reported. The bank said AI could increase search intensity without removing the need for supplier connectivity, fulfillment and servicing, while its hard bear case implied a 5 percent 2028 EPS impact.

A separate operating signal arrived through Japan Airlines. Japan Airlines said on September 24, 2026, that Amadeus and JAL would begin NDC ticket sales across 26 countries and regions, with overseas sales scheduled to start on October 13, 2026.

Amadeus stock stays below yearly high

Amadeus stock was last at EUR 52.80 on the BME on October 2, 2026, with a market capitalization of EUR 22.6 billion and a 52-week range of EUR 46.21 to EUR 69.30. The price was 23.8 percent below the 52-week high, leaving the analyst target and the delivery of the revised outlook as the key numerical tests for the investment case.