ExCeL London - 30 Sep - 01 Oct 2021
18 October 2021 - Virtual
28 October - London, UK
Travel IT provider Travelport reported a 2% drop in pre-tax earnings for Q2.
The company, which owns GDSs Galileo and Worldspan, said pre-tax earnings for the three months to June 30 were $176m compared to $179m for the same period in 2009.
During the quarter, Travelport said net revenue rise by 1% from $592m to $598m, operating income dropped by 17% from $117m to $95m.
Travelport said that for the first six months of 2010, net revenue rose by 3% to $1,179m compared to the same six months last year, operating income fell by 10% to $155m and pre-tax earning of $315m remained "flat".
Revenue from the two GDSs in Q2 rose by 1% from $515m last year to $520m this year.
The US-based company which also owns GTA, said the H1 figures were "in line" with management expectations.
Jeff Clarke, Travelport's ceo and president, said: "During the quarter, our GDS business increased its year-on-year segment volumes by 5% due to the rebound in corporate travel and strong growth in the Asia Pacific region.
"We advanced a number of key product developments, including the roll-out of a new version of Travelport e-Pricing and Travelport Universal Desktop.
"We are also completing the migration of two major GDS contracts, with Thomas Cook, in the UK, and Carlson Wagonlit, in India, and we have further enhanced our geographic footprint through a strategic partnership with Sirena-Travel, Russia's leading domestic GDS.
"GTA had a terrific quarter with 20% growth in room nights and 24% growth in Segment Adjusted EBITDA on a constant currency basis."