Amadeus is a leading transaction processor for the global travel and tourism industry, providing advanced technology solutions to our travel provider and travel agency customers worldwide. We act as an international network providing comprehensive real-time search, pricing, booking, ticketing and other processing solutions to travel providers and travel agencies through our Distribution business area, and we offer travel providers (today, principally airlines) an extensive portfolio of technology solutions which automate certain mission-critical business processes, such as reservations, inventory management and other operational processes, through our IT Solutions business area. Our transaction-based pricing model allows our customers to convert certain fixed technology costs into variable costs that vary with passenger volumes; it also links our revenue to global travel volumes rather than travel spending, thus reducing the volatility of our operating results.