In an anemic revenue environment where cashflow is wounded and capital is king, Amadeus took further actions this week to fortify its liquidity position, now ready to stand at more than €4 billion.
A U.S. district court judge in New York last week agreed to extend deadlines and hearings in US Airways' nearly decade-old antitrust case against Sabre that American Airlines adopted after merging with the original plaintiff.
In the travel agency sector, a growing number of carriers in recent weeks have inhibited refund processing through global distribution systems and, in the U.S., ARC's settlement system.
Some travel businesses are getting creative to support otherwise displaced workers in a depressed travel environment. From Flight Centre, which is in discussions with other employers that could use temporary call-center support, to Upside Business Travel, whose employees are circulating the idea to "rent out our sales team," travel companies are seeking alternatives to more draconian labor actions.
Online travel management company TripActions, which has raised nearly a half-billion dollars since its founding in 2015, laid off employees on Tuesday, the company confirmed.
Amadeus on Monday alerted investors it has "adopted a set of measures to protect its liquidity, to enhance its financial flexibility and to support its cash generation in a scenario where the current tough market conditions persist over a long period of time."