2024-03-17 09:33:10 ET
Summary
- Amadeus IT Group (AMADF) is recommended as a buy due to strong growth in air travel and pricing power in the distribution segment.
- The risk of direct connection disintermediating AMADF from the value chain is overestimated, as the company will remain an important part of the industry.
- The recent acquisition of Voxel strengthens AMADF's product line and makes disintermediation more difficult, while the overall air travel market continues to grow.
Summary
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Amadeus IT Group: Direct Connect Risk Not As Bad As It Seems