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Travelport revenue up 4%, back to operating profitability in 3Q2010

11-Nov-2010 11:17 AM

Travelport revenue up 2% - financial highlights for the three months ended 30-ep-2010:

  • Net revenue: USD582 million, +2% year-on-year;
    • GDS: USD488 million, stable;
    • GTA: USD94 million, +13%;
  • Operating profit: USD104 million, compared with a loss of USD740 million in p-c-p;
    • GDS: USD135 million, -14%;
    • GTA: USD40 million: compared with a loss of USD802 million in p-c-p;
  • Adjusted EBITDA: USD175 million, -2%;
    • GDS: USD145 million, -10%;
    • GTA: USD40 million, +29%;
  • Total assets: USD4588 million, +5.6% when compared with the period ended 31-Dec-2009;
  • Total liabilities: USD5160 million, +4.5%. [more]

Travelport: "Overall, in Q3 we have seen slightly lower than anticipated growth in our GDS business. We continue to invest strongly in innovative new products and geographic expansion. Adjusted EBITDA grew 10% year-over-year on a constant currency basis and excluding the non-recurring impact of the Delta Northwest merger,” Jeff Clarke, CEO. Source: Travelport, 10-No-2010.