Lost United deal dents Travelport
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Travelport has seen its net revenue drop US$22 million (£15.3m) in its Q2 results following the loss of its Master Services Agreement with United Airlines.
The travel technology company attributed the bulk of a £14m revenue loss to the deal, while it saw air volume growth soften 3.3% in Western Europe and the US. Its low-cost carrier business gathered in pace, with the sector taking 7% of its GDS air system.
Meanwhile as independent travel agents asked for more smaller properties available through its system, the company’s hotel content has more than trebled since July 2011. There are said to be 170 new users on its Travelport Rooms and More system each week, with content secured from Hotelzon and Tourico Holidays earlier this week.
Gordon Wilson, president and CEO of Travelport reported that its Universal Desktop has been deployed across all regions, with app downloads up 54% in Q2.
“Our first half performance is in line with management expectations despite the continued macroeconomic uncertainty which resulted in softer Q2 year on year segment volume as compared to Q1 across both the USA and Europe, the largest travel geographies,” he added.
