Travelport revenue up 1%, profits down in 2Q2010

Travelport revenue up 1% - financial highlights:

• Three months ended 30-Jun-2010:
  • Revenue: USD598 million, +1% year-on-year;
    • GDS: USD520 million, +1%;
    • GTA: USD78 million, +1%;
  • Operating profit: USD95 million, -17%;
• Six months ended 30-Jun-2010:
  • Revenue: USD1,179 million, +3%;
    • GDS: USD1,056 million, +3%;
    • GTA: USD123 million, +3%;
  • Operating profit: USD155 million, -10%;
  • Operating cash flow: USD204 million, +52%;
  • Total assets: USD4,339 million, -0.2%;
  • Total liabilities: USD5,000 million, +1.3%. [more]

Travelport: "Travelport's first half performance was in line with management's expectations. I'm particularly pleased with the company's strong cash flow growth during the period," Jeff Clarke, CEO and President. Source: Travelport, 05-Aug-2010.