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Travelport revenue grows while losses increase

Travelport revenue grows while losses increase

Travelport has reported a 7% increase in net revenue to $537 million for the second quarter 2013 and 5% for the year to date.

Meanwhile operating losses continue to grow, as the travel technology company lost $104 million compared to $77 million in the same three months in 2012. In the six months until the end of June, losses increased from $144 million in 2012 to $174 million.

Commenting on developments, Gordon Wilson, President and CEO of Travelport, said: “Our second quarter and first half 2013 results clearly demonstrate the momentum we have built around our new product innovation, successful delivery in all areas of our growth strategy and positive engagement with all of our customers. 

“I am also pleased to report a solid future pipeline of industry interest and support for Travelport’s renewed and reinvigorated proposition.”

The Master Services Agreement with United Airlines contributed approximately $2 million to the Net Revenue, Operating Income, EBITDA and Adjusted EBITDA for second quarter 2012. The impact of this loss was excluded from the net revenue increase.