AACO: refers to “Arab Air Carrier Organisation”.
ACO: refers to “Amadeus Commercial Organisation”.
ACH: refers to “Airlines Clearing House”.
Adjusted Profit for the year: refers to the Profit for the year caption of the Group Income Statement adjusted to exclude after-tax impact of: (i) amortisation of PPA and impairment losses, (ii) changes in fair value of derivative instruments and non-operating exchange gains (losses) and (iii) extraordinary items, including, among others, gains (losses) from the sale of assets and equity investments and extraordinary items related to the LBO and the IPO.
Air TA bookings: Air bookings processed by travel agencies using our distribution platform.
APAC: refers to “Asia and Pacific”.
CESE: refers to “Central, Eastern and Southern Europe”.
CNMV: refers to Comisión Nacional del Mercado de Valores (Spanish Stock Market Regulator).
Covenant: based on the definition included in our Senior Credit Agreement.
Covenant EBITDA: EBITDA based on the covenants’ definition included in our Senior Credit Agreement.
Covenant Net debt: net debt based on the covenants’ definition included in our Senior Credit Agreement.
CRM: refers to “Customer Relationship Management”.
CRS: refers to “Central Reservation System”.
CR: refers to “Corporate Responsibility”.
DCS: refers to “Departure Control System”.
DMO: refers to “Destination Management Organisation”.
D&A: refers to “Depreciation and Amortisation”.
EBITDA: refers to “Earnings before Interest, Taxes, Depreciation and Amortisation”.
ECB: refers to “European Central Bank”.
EMDS: refers to “Electronic Miscellaneous Document server”.
EPS: refers to “Earnings per share”. EPS corresponding to the profit for the year attributable to the parent company. Calculated based on weighted average outstanding shares less weighted average treasury shares of the year.
Adjusted EPS: EPS corresponding to the Adjusted profit for the year attributable to the parent company. Calculated based on weighted average outstanding shares less weighted average treasury shares of the year.
FSC: refers to “Full Service Carrier” (also known as Network carriers).
FTE: refers to “Full-Time Equivalent” employee.
FX: refers to “Foreign Exchange”.
GDS: refers to “Global Distribution System”, i.e. a worldwide computerised reservation network used as a single point of access for reserving airline seats, hotel rooms and other travel-related items by travel agencies and large travel management corporations
GDS Industry: includes the total volume of air bookings processed by GDSs, excluding (i) air bookings processed by the single country operators (primarily in China, Japan, South Korea and Russia) and (ii) bookings of other types of travel products, such as hotel rooms, car rentals and train tickets.
GRI: refers to “Global Reporting Initiatives”.
HTML: refers to “HyperText Markup Language”.
HX Segment: refers to segments that have been cancelled by the passenger directly with the airline or by a travel agency.
IATA: refers to “International Air Transportation Association”.
IATA AIRIMP: refers to "AIRIMP”, meaning universally agreed upon communications standards for the handling of Passenger Reservations Interline Messages.
ICH: refers to “International Clearing House”.
IFRIC: refers to “International Financial Reporting Interpretation Committee”.
IPO: refers to “Initial Public Offering”.
IR: refers to “Investor Relations” department.
IT: refers to “Information Technologies”.
JV: refers to “Joint Venture”.
KPI: refers to “Key Performance Indicators”.
LATAM: refers to “Latin America”.
LBO: refers to “Leveraged Buy-Out”.
LCC: refers to “Low Cost Carriers”.
LTM: refers to “Last twelve months”.
Market share: share of the air travel agency bookings processed by the GDS providers operating on a global scale, being Sabre, Travelport, Abacus and Amadeus.
MEA: refers to “Middle East and Africa”.
MENA: refers to “Middle East and North Africa”.
MIDT: refers to “Marketing Information Data Tape”.
MIT: refers to “Massachusetts Institute of Technology”.
n.m.: refers to “Not meaningful”.
O&D: refers to “Origin & Destination”.
PB: refers to “Passenger Boarded”, i.e. actual passengers boarded onto flights operated by airlines using at least our Amadeus Altéa Reservation and Inventory modules.
PMS: refers to “Property Management Systems”.
PNR: refers to “Passengers Name Record”.
p.p.: refers to “Percentage point”.
PPA: refers to “Purchase Price Allocation”.
Pre-Tax Free Cash Flow: calculated as EBITDA including Opodo less capital expenditure plus changes in our operating working capital.
PSS: refers to “Passenger Service System”.
R&D: refers to “Research and Development”.
RTC: refers to “Research Tax Credit”.
SSR: refers to “Special Seating Request”.
TA: refers to “Travel Agency”.
TMC: refers to “Travel Management Company”.
TPF: refers to “Transaction Processing Facility”, a software license from IBM.
Oddo Midcap Conference (Lyon)
9-10 January 2014
Spain Investor day (Madrid)
15-16 January 2014