Travelport reports revenue rise but lower profits

Travelport reports revenue rise but lower profits

Travelport announced full-year results ahead of guidance and new distribution agreements with IAG-owned British Airways and Iberia yesterday.

Global distribution system (GDS) owner Travelport reported a 3% rise in net income year on year in 2015 to $2.2 million.

Net profits were down to $20 million from $91 million the previous year.

However, Travelport president and chief executive Gordon Wilson said there was “a net effect of zero to us” from Lufthansa’s imposition of a €16 GDS booking fee last September.

Wilson said: “We’ve seen some decline in Lufthansa bookings, but a lot are being booked through Lufthansa codeshare partners‎ and/or people are selling away from Lufthansa.”

Fourth-quarter revenue for October to March was up 8% and in Europe up 15%.

Travelport reported revenue per passenger up 8% for the year revenue ‘beyond air’ up 16% to $492 million.

The company’s GDSs handles transactions worth $82.4 billion in 2015.

Travelport confirmed BA and Iberia had signed up to its Rich Content and Branding technology which enables carriers to display on the GDS “exactly as they would on their own website”.

This website uses cookies to ensure you get the best experience. Learn more