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A

Annex 2
Glossary of terms
and acronyms

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Annex 2_Glossary

Annex II Glossary
A_ API: refers to `Application Programming Interface’. the Spanish stock markets and the activities of all the
A4A: refers to ‘Airlines For America’. It is a language that enables communication between participants in those markets.
AACO: refers to ‘Arab Air Carrier Organisation’. computer programs. Code-sharing: it is an aviation business arrangement
ACO: refers to ‘Amadeus Commercial Organisation’. ASTA: refers to ‘American Society of Travel Agents’. where two or more airlines share the same flight,
ACH: refers to ‘Airlines Clearing House’. ATOC: refers to ‘Association of Train Operating improving airlines’ network capacity and efficiency.
Adjusted EPS: EPS corresponding to the adjusted Companies’. Covenant: based on the definition included in our
profit for the year attributable to the parent company. Senior Credit Agreement.
Calculated based on weighted average outstanding Covenant EBITDA: EBITDA based on the covenants
shares less weighted average treasury shares of the B_ definition included in our Senior Credit Agreement.
year. BI: refers to ‘Business Intelligence’. Covenant Net debt: net debt based on the covenants
Adjusted Profit: refers to the profit for the year BSP: refers to ‘Bank Settlement Plan’. It is an electronic definition included in our Senior Credit Agreement.
adjusted to exclude after-tax impact of: billing system designed to facilitate the flow of data and CRM: refers to ‘Customer Relationship Management’.
1. amortisation of PPA and impairment losses, funds between travel agencies and airlines, centralizing CRS: refers to ‘Central Reservation System’. It is a
2. c hanges in fair value of derivative instruments and the information, as opposed to establishing multiple computer network containing travel related information
non-operating exchange gains (losses), and relationships between travel agencies and airlines. such as schedules, availability, fares and related services,
3. e xtraordinary items, related to the sale of assets which also enables automated travel related transactions
and equity investments, the debt refinancing and the between travel providers and travel agents.
United Airlines IT contract resolution. C_ Crypto-currency: it is a medium of exchange using
Air Travel Agency bookings: air bookings processed CDP: refers to ‘Carbon Disclosure Project’. It is an cryptography to secure the transactions and to control the
by travel agencies using our distribution platform. international, not-for-profit organisation providing creation of new units. Crypto-currencies are a subset of
Amadeus Excellence Awards: is a corporate event to the only global system for companies and cities to alternative currencies, or specifically of digital currencies.
recognize extraordinary achievements and behaviors in measure, disclose, manage and share environmental CSL: refers to ‘Customer Loyalty Strategy’.
Amadeus, as well as enabling best practice sharing and information. CSS: refers to ‘Customer Satisfaction Strategy process’.
valuable networking building. Open to all permanent CESE: refers to ‘Central, Eastern and Southern Europe’.
staff and ACOs who are at least 75% owned, the CISO: refers to ‘Chief Information and Security Office’.
Awards have four categories linked to the strategic CMMI: refers to ‘Capability Maturity Model D_
pillars of Amadeus and one of the core enablers for Integration’. It is a process improvement training DCS: refers to ‘Departure Control Systems’.
success which is collaboration. and appraisal programme used to guide process Distribution industry: includes the total volume of
Ancillary services: can be defined as additional improvement across a project, division or an entire air bookings processed by GDSs, excluding:
services provided to customers beyond the ticket. organisation. 1. air bookings processed by the single country
Typical examples for airline ancillary services include CNMV: refers to ‘Comisión Nacional del Mercado de operators (primarily in China, Japan and Russia), and
baggage fees, priority seating, catering on board, etc. Valores’, the Spanish Securities Market Regulator. It 2. bookings of other types of travel products, such as
APAC: refers to ‘Asia-Pacific’. is the agency in charge of supervising and inspecting hotel rooms, car rentals and train tickets.

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DJSI: refers to ‘Dow Jones Sustainability Index’. Launched of the employees and 90% of total consumption. headcount converted to a full-time basis, e.g. an employee
in 1999, DJSI are a family of indices evaluating the EPS: refers to ‘Earnings Per Share’. working part-time covering 80% of a full-time schedule is
sustainability performance of the largest 2,500 companies ERA: refers to ‘European Rail Agency’. considered 0.8 of a FTE.
listed on the Dow Jones Global Total Stock Market Index. ETTSA: refers to the ‘European Technology and Travel FX: refers to ‘Foreign Exchange’.
DMO: refers to ‘Destination Management Organisation’. Services Association’.
D&A: refers to ‘Depreciation and Amortisation’. ETC: refers to ‘European Travel Commission’. It is a
non-profit organisation whose main objectives are the G_
promotion of Europe as an attractive tourist destination, GDS: refers to ‘Global Distribution System’. It is a
E_ to assist members of the National Tourist Offices (NTOs), computer network containing travel related information
EBITDA: refers to ‘Earnings before Interest, Taxes, to exchange knowledge and work collaboratively, as such as schedules, availability, fares and related
Depreciation and Amortisation’. well as to provide industry partners and other interested services, which also enables automated travel related
EC: refers to ‘European Commission’. parties with easy access to material and statistics transactions between travel providers and travel
ECAC: refers to ‘European Civil Aviation Conference’. regarding inbound tourism to Europe. agents both online and offline. In addition to providing a
It is an intergovernmental organisation which EU: refers to ‘European Union’. Computer Reservation System (CRS), GDSs offer travel
was established by the International Civil Aviation EU Industrial R&D Investment Scoreboard: it is a related content to a broad range of agents worldwide,
Organization (ICAO) and the Council of Europe. ECAC scoreboard published by the European Commission which making global reach an important element of their value
counts today 44 country members. ECAC major contains economic and financial data for the world’s proposition.
airports include airports with more than 50,000 aircraft top 2500 companies ranked by their investments in GHG Protocol: refers to The ‘Greenhouse Gas Protocol’. It
movements per year. Research and Development (R&D). The sample contains is the most widely used international accounting tool for
ECB: refers to ‘European Central Bank’. 633 companies based in the EU and 1867 companies government and business leaders to understand, quantify,
ECTAA: refers to the ‘European Travel Agencies’ and based elsewhere. The Scoreboard data are drawn from and manage greenhouse gas emissions.
Tour Operators’ Association’. the latest available companies’ accounts, i.e. usually the GRI: refers to ‘Global Reporting Initiative’. It is a non-profit
EIB: refers to ‘European Investment Bank’. fiscal year 2013/14. organisation that promotes economic, environmental
EMD: refers to ‘Electronic Miscellaneous Document’. Exabyte: one exabyte is equal to 1018 bytes of digital and social sustainability. GRI provides all companies
EMDS: refers to ‘Electronic Miscellaneous Document server’. information. This is equivalent to approximately 21 and organisations with a comprehensive sustainability
EMS: refers to ‘Environmental Management System’. million tablets with a capacity of 128 gigabytes each. reporting framework that is widely used around the world.
It is the tool we use in Amadeus to measure our EVP: refers to ‘Executive Vice President’.
resource consumption, identify areas for improvement,
implement specific actions, and review results achieved. H_
The items included are energy consumption (mainly F_ HTML: refers to ‘HyperText Markup Language’.
electricity), CO2 emissions, paper consumption, water FSC: refers to ‘Full Service Carrier’ (also known as HX Segment: refers to segments that have been
used, and waste produced. The scope is the top 11 Network carriers). cancelled by the passenger directly with the airline or by a
Amadeus sites worldwide, covering approximately 80% FTE: refers to ‘Full-Time Equivalent’ employee. It is the travel agency.

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NDC: refers to ‘New Distribution Capability’. It is a


I_ J_ program (NDC Program) launched by IATA for the
IATA: refers to ‘International Air Transportation JV: refers to ‘Joint Venture’. development and market adoption of a new, XML-based
Association’. data transmission standard (NDC Standard) beetween
IATA AIRIMP: refers to ‘AIRIMP’, meaning universally airlines and travel agencies.
agreed-upon communications standards for the K_ NECSE: refers to ‘Northern, Eastern, Central and
handling of Passenger Reservations Interline Messages. KPI: refers to ‘Key Performance Indicator’. Southern Europe’.
ICAO: refers to the ‘International Civil Aviation Organisation’, n.m.: refers to ‘not meaningful’.
is a UN specialised agency, created in 1944. ICAO works L_
with 191 Member States and global aviation organisations LATAM: refers to ‘Latin America’.
to develop international Standards and Recommended LBO: refers to ‘Leveraged Buy-Out’. O_
Practices (SARPs) which States reference when developing LCC: refers to ‘low-cost carriers’. OAAT: refers to ‘Open Allies for Airfare Transparency’.
their legally-enforceable national civil aviation regulations. Light ticketing: a ticket that is created and not sent OECD: refers to the ‘Organisation for Economic Co-
ICH: refers to ‘International Clearing House’. to the Bank Settlement Plan (BSP). The booking and operation and Development’. It is a forum of countries
IEA: refers to the ‘International Energy Agency’, is data flow is the same as in the traditional booking describing themselves as committed to democracy
an autonomous organisation which works to ensure process. and the market economy, providing a platform to
reliable, affordable and clean energy for its 29 member LTM: refers to ‘Last Twelve Months’. compare policy experiences, identify good practices and
countries and beyond. The IEA’s four main areas of coordinate domestic and international policies of its
focus are: energy security, economic development, members’. The countries members of this organization
environmental awareness, and engagement worldwide. M_ are: Australia, Austria, Belgium, Canada, Chile, Czech
IFRIC: refers to ‘International Financial Reporting Market share: is calculated based on the total Republic, Denmark, Estonia, Finland, France, Germany,
Interpretation Committee’. volume of travel agency air bookings processed by the Greece, Hungary, Iceland, Ireland, Israel, Italy, Japan,
IIRC: refers to ‘International Integrated Reporting global or regional CRSs. It excludes air bookings made Korea, Luxembourg, Mexico, Netherlands, New Zealand,
Council’, is a global coalition of regulators, investors, directly through in-house airline systems or single Norway, Poland, Portugal, Slovak, Republic Slovenia,
companies, standard setters, the accounting profession, country operators, the latter primarily apply to China, Spain, Sweden, Switzerland, Turkey, United Kingdom
and NGOs. Together, this coalition shares the view that Japan, South Korea (until the migration of Topas’ and the United States.
communication about value creation should be the next connected travel agencies to Amadeus at the end of O&D: refers to ‘Origin & Destination’.
step in the evolution of corporate reporting. the third quarter of 2014) and Russia. Also excludes Open systems in computing and informatics:
Induced contribution: the broader contribution to GDP bookings of other types of travel products, such as refer to a class of systems built using open source
and employment of spending by those who are directly or hotel rooms, car rentals and train tickets. software (OSS) standards and that offer a good level
indirectly employed by the Travel and Tourism industry. MEA: refers to ‘Middle East and Africa’. of portability and independence from the hardware
Interlining: refers to commercial agreements between MENA: refers to ‘Middle East and North Africa’. platforms on which they operate, especially in contrast
airlines to handle passengers travelling on itineraries MIDT: refers to ‘Marketing Information Data Tape’. to the more entrenched mainframes that were common
that require more than one airline. MIT: refers to ‘Massachusetts Institute of Technology’.
IPO: refers to ‘Initial Public Offering’. in the travel industry.
IT: refers to ‘Information Technologies’. N_
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SVP: refers to ‘Senior Vice President’.


changes in our operating working capital.
P_ PSS: refers to ‘Passenger Service System’. A Passenger T_
PATA: refers to ‘Pacific Asia Travel Association’. Service System (PSS) is a series of mission-critical TAP TSI: refers to ‘Telematics Applications for
PB: refers to ‘Passengers Boarded’, i.e. actual systems used by airlines. The PSS usually comprises Passenger Services Technical Specifications for
passengers boarded onto flights operated by airlines a Reservation System, an Inventory System and a Interoperability’.
using at least our Amadeus Altéa Reservation and Departure Control System (DCS). TI: refers to ‘Travel Intelligence’.
Inventory modules. PUE: refers to ‘Power User Effectiveness’ and defined Transaction: includes air and non-air travel agency
PCI DSS: refers to ‘Payment Card Industry Data as = Total Facility Power/IT Equipment Power. Total bookings, Passengers Boarded (PB), and e-commerce
Security Standard’, is a proprietary information security Facility Power includes everything that supports the IT Passenger Name Records (PNR).
standard for organizations that handle branded credit equipment load, such as: Transactions processed at the data centre: are
cards from the major card brand. Mandated by the Power delivery components such as UPS, switch gear, defined as basic operations linked directly to our
card brands and run by the Payment Card Industry generators, PDUs, batteries, and distribution losses business, such as bookings or processed Passengers
Security Standards Council, the standard was created external to the IT equipment Boarded. It is worth noting that, given the increasing
to increase controls around cardholder data to reduce Cooling system components such as chillers, computer amount of information processed per traveller and
credit card fraud via its exposure. room air conditioning units (CRACs), direct expansion the increasing sophistication of passenger services
Petabyte: one petabyte is equal to 1015 bytes of air handler (DX) units, pumps, and cooling towers systems, the complexity of each transaction is growing
digital information (1,000,000,000,000,000 bytes). Computer, network and storage nodes significantly.
PMS: refers to ‘Property Management Systems’. Other miscellaneous component loads such as data TTA: refers to the ‘Travel Technology Association’.
PNR: refers to ‘Passenger Name Record’. It is a record centre lighting
of each passenger’s travel requirements which contains
all information necessary to enable reservations On the other hand, IT Equipment Power includes the U_
to be processed and controlled by the booking and load associated with all of the IT equipment, such UNICEF: refers to ‘United Nations Children’s Fund’.
participating travel provider. Each PNR consists of a as computer, storage, and network equipment, along UNWTO: refers to ‘United Nations World Tourism
collection of information items called Elements. It with supplemental equipment such as KVM switches, Organisation’.
must contain the following five mandatory elements: monitors, and workstations/laptops used to monitor or US: refers to ‘United States’.
name element (passenger name), itinerary element otherwise control the data centre.
(booking), contact element (i.e. a telephone number),
ticketing element (arrangement for issuing a ticket), W_
and received from element (name of the person who R_ WTAAA: refers to ‘World Travel Agents Association
made the booking). R&D: refers to ‘Research and Development’. Alliance’.
p.p.: refers to ‘percentage point’. WTTC: refers to ‘World Travel and Tourism Council’.
PPA: refers to ‘Purchase Price Allocation’.
Pre-Tax Free Cash Flow: calculated as EBITDA S_
(including Opodo and revenue from the United Airlines SNCF: refers to ‘Société Nationale des Chemins de Fer
IT contract resolution) less capital expenditure plus français’.

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