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Amadeus IT Group (LTS:0P2W) Allowance For Loans And Lease Losses


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What is Amadeus IT Group Allowance For Loans And Lease Losses?

Allowance For Loans And Lease Losses only applies to banks.


Amadeus IT Group (LTS:0P2W) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Amadeus IT Group SA (LTS:0P2W) » Definitions » Allowance For Loans And Lease Losses
Address
Salvador de Madariaga, 1, Madrid, ESP, 28027
Among the top three operators, Amadeus' 40%-plus market share in air global distribution system bookings is the largest in the industry. The GDS segment represented 56% of total prepandemic sales in 2019. The company has a growing IT solutions division (44% of 2019 revenue) 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 sales and profits.