Travelport reports growth and increased revenue for Q3

Travelport reports growth and increased revenue for Q3

Travelport has reported net revenue and adjusted EBITDA growth of 5% in the third quarter.

Quarterly revenue was up by $22 million to $511 million while adjusted EBITDA of $128 million was $5 million higher than the third quarter of 2012.

The Galileo and Worldspan parent’s net revenue of $1,596 million on a year to date basis for 2013 was $51 million higher than 2012. However, adjusted EBITDA of $408 million was $6 million lower than 2012.

Travelport generated $67 million in net cash from operating activities for the nine months ending September 30, down from $134 million for the same period last year nine.

The decrease was a result of the fluctuation in operating working capital, the company said.

It claimed a record quarter for its fast-growing eNett virtual payments business and delivered a new Japanese GDS for AXESS/Japan Airlines.

The company’s net debt stood at $3,319 million at September 30.

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