Travel Webcast

ON THE Q3: Travelport has positive quarter

Travelport Limited has released its financial results for the third quarter ended Sept. 30, 2012. Company president and CEO, Gordon Wilson commented: “We continue to deliver on our strategy as we report a sixth consecutive quarter of RevPas growth, underlying gross margin improvement and strong cash generation. In another positive quarter for Travelport, we have further expanded our content offering, increased our customer base, continued the successful deployment of our products and realized significant benefits from our investments in key adjacencies.” Travelport saw its RevPas increase by 3% to $5.30 during the third quarter; it grew adjusted EBITDA by $5 million in Q3 2012 (excluding the impact of the United Airlines Master Services Agreement); it improved its year-to-date operating cash flow by $48 million to $134 million; it achieved two merchandising milestones with Air Canada and KLM; the new Travelport mobile solutions was deployed regionally; and it launched its first Russian language corporate booking tool. Go to http://www.travelport.com for more.

Posted in News

 

 

Categories