Travelport sees Q1 profit boost

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Gordon Wilson
Gordon Wilson, president and CEO of Travelport

Travel technology company Travelport has registered a 7% increase in adjusted EBITDA to US$151 million (GBP89m) for the first quarter of the year.

The firm saw its net revenue rise 4% to GBP337m while its net debt was reduced to GBP1.8bn.

The quarter marks the first year of Travelport’s merchandising platform which has included new agreements with Ryanair, AirAsia and easyJet.

More than 30 airlines are also now signed up for its new Rich Content and Branding function including British Airways, Iberia and Air China.

“As we celebrate the one year anniversary of our merchandising platform, I am pleased we have further strengthened our air proposition with the signing of new ground-breaking agreements with Ryanair and AirAsia, an extended partnership with easyJet, and more than 30 airline agreements for our Rich Content and Branding functionality. Through these unrivalled agreements, we are now uniquely positioned to sell the content of all the world’s top ten airlines,” said Gordon Wilson, president and CEO of Travelport. “This milestone builds on our leadership in global hotel content distribution and augments our strong financial performance.”

Klook.com
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