Flight metasearch site Skyscanner has reported revenues of £2.5m for the first three months of the year, more than double its return for the same period last year.
Strong start to 2010 for Skyscanner
Flight metasearch site Skyscanner has reported revenues of £2.5 million for the first three months of the year, more than double its return for the same period last year.
The Edinburgh-based business said that around 50 million flight searches had been carried out on the site during the quarter.
Co-founder Barry Smith said that a key feature of the quarter’s results was a growing international presence. The UK remains its biggest single market, although just under two-thirds of its traffic now comes from overseas. It has registered searches from users in more than 230 countries.
“We’re seeing huge uplift in traffic globally,” he said. “The US market is growing fast, as is Russia, Japan and Australia.”
Closer to home, user numbers in Italy have more than doubled, with France seeing a 50% increase in traffic. Skyscanner has appointed dedicated country managers for both territories.
For 2009, Skyscanner made an operating loss of £1.4m. Smith said the costs associated with its international expansion pushed it into the red. It is on track to report a profit for the current year.
