Travelport continues on growth path

Travelport continues on growth path
By admin


The loss of Travelport’s agreement with United Airlines wiped US$25 million from its net revenue as it reported its first quarter results.

The technology firm said net revenue hit $548 million, an increase of 4%, excluding the loss of the Master Services Agreement with United.

Adjusted earnings before interest and tax climbed 14% to $127m, a rise of 5%, again excluding the MSA equation.

Revenue per passenger climbed 6%.

Travelport president and chief executive Gordon Wilson said: “We are today reporting an increase in underlying revenue, a growth in underlying Adjusted EBITDA, and a significantly strengthened Travelport group balance sheet following April’s successful refinancing.

“We continue to deliver on our growth strategy and the successful development of our business with increased hospitality, payment processing and services revenue, as evidenced by the leap in RevPas for the period, which exceeded our expectations.

“We look forward to the future with growing confidence.”

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