Travelport reports modest 2% revenue increase for Q2
August 05, 2011 | Online Travel
Travelport's net revenue of $530 million for the second quarter of 2011 represented a $10 million increase compared to the corresponding period in the prior year. Yet, its operating income decreased 20% during the same time period.
Travelport, owner of the Galileo and Worldspan GDSs, earned $66 million in the second quarter, down 19.5% from $82 million a year earlier.
The company said income declined due to an increase in cost of revenue.
Travelport’s revenue was up 2%, to $530 million, as a result of a $6 million increase in transaction-processing revenue in the Europe and Asia-Pacific regions. Travelport said revenue decreased in the Americas, the Middle East and Africa.
Get the full story at Travel Weekly
Read also "Travelport: GDS share gains at Priceline" at Tnooz, and "Amadeus posts higher profits on rise in global air travel."
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