Travelport achieved an increase in both revenues and profits last year, boosted by the non-airline sides of the business.
The travel technology company generated profit of US$517 million, up 5% compared to 2012, while revenues also climbed 5% to US$2.08 billion. But the company’s non-airline, or ‘Beyond Air’ initiatives, such as advertising, hospitality and payments, experienced double-digit growth in 2013.
“I am delighted to report a successful growth year for Travelport, with key financial performance metrics up 5% with positive innovation and traction across all aspects of the business,” said the company’s president & CEO, Gordon Wilson.
“We maintain forward momentum in transforming our core air business and growing our Beyond Air initiatives of payments, hospitality and advertising. I am also pleased to note that this momentum has continued into the early part of the current year,” he added.
But Travelport did also have considerable success in the airline sector last year. A new airline merchandising platform attracted more low-cost carrier content, and the company has recently extended its contracts with British Airways, Iberia, Iberia Express and easyJet. It is penned its first distribution deal with Tigerair, and signed a new Master Services Agreement with United Airlines.
Travelport operates the Galileo, Apollo and Worldspan GDS systems.