Q1 2020 Amadeus IT Group SA Earnings Call Transcript
Welcome to the Amadeus First Quarter 2020 Results Presentation Webcast. The management of Amadeus will run you through the presentation, which will be followed by a question-and-answer session. (Operator Instructions) I'm now pleased to hand over to you, Mr. Luis Maroto, President and CEO of Amadeus. Please go ahead, sir. Thank you.
Good afternoon, ladies and gentlemen, and welcome to our first quarter results presentation. Thank you very much again for joining us today. As always, I'm here with Ana that will walk you through the details of our financial performance, and I will focus on our most relevant developments.
Before we get started with our quarter 1 performance overview, I would like to make a few remarks on the current market context. As you know, the COVID-19 pandemic has advanced through the quarter and progressively impacted more regions. In January, the GDS industry had a good start. However, after the closing of Wuhan, we saw a decline in APAC bookings
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