Travelport announced its financial results for the third quarter ended September 30, 2016.
Key Points
* Net revenue increased 6% to USD 591 million
* Operating income of USD 62 million, net income of USD 21 million
* net cash provided by operating activities of USD 111 million
* Air revenue increased 2% to USD 408 million; Beyond Air revenue growth of 18% to USD 152 million, contributing 27% of Travel Commerce Platform revenue (Q3 2015: 24%)
* International revenue increased 9% driven by growth in both Reported Segments and RevPas, with double-digit revenue growth in Europe (14%) and Asia Pacific (10%)
* eNett net revenue increased 60% to USD 42 million
* Adjusted EBITDA increased 15% to USD 150 million driven by business performance and favorable foreign exchange movements
Gordon Wilson, President and CEO of Travelport, commented: "Travelport delivered a robust set of financial results during the third quarter against the backdrop of slower growth of the global GDS air market."
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