Travelport 3Q11 Net Revenue Up 4 Per Cent

Travelport 3Q11 Net Revenue Up 4 Per Cent

Travelport has announced its financial results for the third quarter ended 30th September 2011, with net revenue up 4% on 3Q10 and volume up 3%.

Financial Summary for Third Quarter 2011: 
($ in millions)

  • Net Revenue – Q3 2011: $509 (2010: $488)
  • Operating Income – Q3 2011: $51 (2010: $75)
  • Adjusted EBITDA – Q3 2011: $118 (2010: $135)

Financial Summary for YTD 2011: 
($ in millions)

  • Net Revenue – YTD 2011: $1,570 (2010: $1,544)
  • Operating Income – YTD 2011: $196 (2010: $229)
  • Adjusted EBITDA – YTD 2011: $401 (2010: $430)
  • Net cash provided by operating activities of continuing operations – YTD 2011: $86 (2010: $103)

Operational highlights included the introduction of new products Travelport Smartpoint App and Travelport Rooms and More, while since the quarter Travelport has signed a joint development agreement with TravelSky and Travelport Universal Desktop has secured its first customers in Asia and the USA.

Gordon Wilson, President and Chief Executive, said: “We continue to gain momentum on our commercial objectives of enhanced travel content aggregation, the deployment of new point of sale technologies for travel agencies and travel product suppliers, and expanding our geographic and customer segment footprints. I am pleased to report solid results for the quarter, with revenue up 4%, volume up 3% and Adjusted EBITDA in line with management expectations despite the uncertain economic climate in many key geographies.”

Click to add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *


NEIL STEEDMAN has been a trade journalist, copywriter, editor and proofreader for 50 years, and News & Features Editor for ‘Irish Travel Trade News’ for the past 40 years.

More in News

WB Yeats 1

New Irish Ferries Cruise Ferry ‘W.B. Yeats’ Named in Germany

Michael FloodJanuary 23, 2018
travel deals

Great Value Travel Deals – 23rd January 2018

Sarah SlatteryJanuary 23, 2018
Topflight Lake Garda

Topflight Lists Top Five Italian Family Holidays for Summer 2018

Neil SteedmanJanuary 23, 2018
Silversea Mark Webber

Silversea Offers Q&A Session with F1’s Mark Webber

Neil SteedmanJanuary 23, 2018
Amadeus cytric Travel & Expense

Spanish TMC to Offer Amadeus Corporate Solution to Clients Worldwide

Neil SteedmanJanuary 23, 2018
dnata Dublin Airport Facility

Emirates Group Company dnata Opens Catering Facility at Dublin Airport

Neil SteedmanJanuary 23, 2018
Audrey Italy

Audrey Headon to Represent ‘Discovery Puglia’ and ‘Best Holidays in Italy’

Michael FloodJanuary 18, 2018
Banana Barracks

Lainey’s Adventures: Getting a Second-Year Working Holiday Visa in Australia

Neil SteedmanJanuary 18, 2018
Cork Airport Cork Travel Fair

Two-Day Cork Travel Fair in February

Neil SteedmanJanuary 18, 2018

Copyright © 2016 Belgrave Group Limited, C4 Nutgrove Office Park, Nutgrove Avenue, Rathfarnham, Dublin 14, Ireland