Skyscanner posts first £3m quarter

Skyscanner has reported its first £3 million quarter with revenues in the three months to June 30 up more than two times on the same period last year.


The international flight search site said its second quarter results were “exceptional” and that growth in its core UK market was also boosted by “robust” international growth.


Year on year growth in Europe and the US was described as “strong” while Asia saw a 75% increase in traffic. Recently launched country sites in Finland, Hungary and Ukraine have delivered “encouraging growth”, the company said.


Gareth Williams, chief executive of Skyscanner, said: “It has been another exceptional quarter.


“The continued upward trend is particularly encouraging considering the disruption over the last few months created by volcanic ash, strikes and the World Cup which has been affecting the travel sector as some put off planning their holidays until it’s all over.


He added: “On the back of our first £3 million revenue quarter, at least £150 million downstream revenue has been generated for airlines, OTAs and other partners just from flight sales alone.


“The relationships we have with our commercial partners are as important to us as the relationship we have with users so we are pleased to see such solid conversion rates for them.


“And, with yet another record revenue day this week, we look forward to seeing this continue to build.”


 

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