Amadeus' network and efficient scale advantages intact, despite exaggerated disintermediation fears.
Narrow-moat Amadeus reported a mostly positive third quarter, as its GDS (70% of sales) segment grew share (air volume up 6% versus industry up 4.7%), its IT solutions (30% of sales) division benefited from the recent Southwest implementation, and the company announced new wins (notably Air Canada and Premier Inn). That said, the company’s costs of goods sold rose 13% through the first nine months of the year versus 10% and 6% for narrow-moat companies Sabre and Travelport, respectively. We plan...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.