Iberia to Slash Own €130 million GDS Bill
12 January 2006 5:00am
Spain´s Iberia has indicated that it plans to work on measures to cut its €130 million annual payments to GDS ticket reservation companies.
According to AFX News, the spokeswoman said that cutting its payments to GDS is part of the flag carrier´s 2006-2008 strategic plan which aims at a wide range of cost-cutting measures with all suppliers.
The report added that Iberia plans to renegotiate the contracts currently in force with the GDS next year. Iberia has an 11.4 percent in Amadeus Global Travel Distribution SA, which in turn controls 89 percent of the Spanish airline reservations market. Galileo has an 8 percent market share, added the report.
