Travelport announces flat first quarter revenue

Travelport announces flat first quarter revenue

Travelport has reported flat revenue at $572 million in Q1, in line with management expectations.

The travel commerce company said that its revenue per segment sold was up for the quarter by 2% to $5.73.

The financial report showed that air revenue was down 3% to $432 million, with anticipated lower volumes in the US and Europe partially offset by strong growth in Asia Pacific.

The company grew it’s Beyond Air revenue 14% to $110 million in Q1.

Over 100 airlines have already signed up for Travelport’s Rich Content and Branding merchandising solution, and major airlines set to join include SAS Airlines, TAP Portugal and Aegean.

Gordon Wilson, president and chief executive of Travelport, said: “Travelport is off to a solid start in 2015 with the first quarter in line with our expectations. 2015 continues to be a transition year for Travelport as we move beyond the resolution of two key legacy contracts.

“Our industry-leading Rich Content and Branding merchandising solution continues to rapidly gain traction across the airline community, with seven of the world’s top ten airlines now participating. We also continue to see double-digit growth in the Beyond Air area of our business.

This has been driven by our focus on broadening the available content in hospitality which, in turn, drove an 11% increase in hospitality segments booked per 100 airline tickets, as well as eNett’s continuing expansion.”

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