Edreams’ ticketing nightmares come to an end as sales pick up

 
Kasmira Jefford
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SPANISH travel company eDreams Odigeo said revenues rose three per cent in the second quarter of the year, thanks to strong growth in overseas markets outside of Europe.

eDreams, one of the world’s biggest online travel firms, made its debut on the Madrid stock market in April, but was forced to suspend trading on 24 October after shares plummeted more than 50 per cent.

The fall came after Iberia and British Airways alleged that eDreams’ booking processes did not meet EU regulations and pulled ticket listings from the site.

The group was also hit in June by changes to Google’s algorithm, which eDreams warned would make full-year earnings “difficult to discern”.

It resumed trading on 27 Octo­ber after the airlines agreed to resume selling tickets on its sites.

Earnings in the first half to September stood at €46.3m (£36.8m), up 360 basis points year-on-year.