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Travelport’s latest financial results shows that that its transaction processing revenues in Europe are increasing as North America, the Middle East and Africa struggle.
In the first half of the year, Travelport’s net revenues came in at just over a billion dollars, the same as over the same period in 2010. Operating income this half of $145m was 9% down on last year. EBITDA came in at $258m compared with $256m.
Gordon Wilson, CEO of Travelport, said: Gordon Wilson, President and CEO of Travelport, said: “I am pleased to report a first-half performance in line with management expectations, which was achieved despite the impact of extraneous global events in the earlier part of the year.”
The total number of segments booked globally on Galileo and Worldspan systems in the first six months of 2011 was 186.5m, compared with 185.7m. Within this, the 45.3m European segments represents a 1% increase on 2010. The Americas have accounted for 92.4m segments, also 1% up on 2010.
The statement said: "Transaction processing revenue remained flat compared to the prior year, with an increase in transaction processing revenue in Europe and Asia Pacific offset by decreases in the Americas and the Middle East and Africa."