Travel agents

Flights consolidator Aviate reports 32% increase in turnover to £80m

Posted by Lee Hayhurst on
Flights consolidator Aviate reports 32% increase in turnover to £80m

Flight consolidator Aviate has reported it exceeded expectations in its latest financial year having seen a 50% year-on-year increase in ticket sales.

The division of the Travel Innovation Group reported a 32% increase in revenue taking annual turnover to £80 million in the 12-month period.

Last year marked the third consecutive year that Aviate has achieved sizeable growth across all areas of its business.

Aviate said the performance was down to additional partnerships with major airlines, the restructuring of their lead generation team, and new business streams.

This included the launch of Aviate Journeys, which will provide the platform for Aviate to form long term partnerships with travel individuals and business owners.

Sister company, Lime, which provides a search, booking and ticketing service to the UK travel trade for BA flights, saw a 27% increase in ticket sales year-on-year for the first nine months of its financial year.

Michael Edwards, managing director of the Travel Innovation Group, said: “It’s fantastic to see Aviate continue to show impressive growth year-on-year.

“We’ve continually worked hard to ensure we’re enhancing our offering for our clients to ensure they’re getting the very best service.

“There have been a number of innovations we’ve made this year, which have been instrumental to Aviate’s financial success for the last 12 months.

“We’ve still got lots of new products we’re planning to launch into the market during the remainder of 2018, so we’re looking forward to seeing what the next 12 months will bring.”

The Travel Innovation Group said it is on target for achieving a turnover of £200 million for its 2017/18 financial year.

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