Travelport 3Q2009 revenue down 10%, EBITDA down 7%; but "improvement" in 3Q
Travelport revenue down 10% - financial highlights for the three months ended 30-Sep-2009:
- Revenue: USD570 million, -10% year-on-year;
- GDS: USD488 million, -8%;
- Adjusted EBITDA: USD178 million, -7%;
- GDS: USD162 million, stable. [more]
Travelport: “The travel industry is demonstrating signs of improvement as the global economic recovery takes hold. We have witnessed an improvement in year over year GDS industry volumes in the third quarter. Furthermore, October 2009 was the first month this year to show GDS industry volume growth,” Jeff Clarke, President & CEO. Source: Travelport, 05-Nov-2009.