Travelport Q1 2010 results – bitesize summary

Travelport released its Q1 2010 results this morning. A summary is as follows:

• Net revenue – $581 million (up 5% from $553 million y/y).
• Operating income – $60 million (up 5% from $57 million y/y).
• Adjusted EBITDA – $139 million (up 2% from $136 million y/y).

GDS:

• Net revenue – $536 million (up 5% from $511 million y/y).
• Segment EBITDA – $151 million (down 1% from $152 million y/y).
• Segment adjusted EBITDA – $151 million (down 5% from $161 million y/y).

GTA:

• Net revenue – $45 million (up 7% from $24 million y/y).

Travelport chief executive and president, Jeff Clarke, says:

“I am pleased with Travelport’s performance in the quarter. We made key strategic investments while delivering a 5% increase in Net Revenue and 9% growth in Adjusted EBITDA, on a constant currency basis, compared to the first quarter of 2009.

“Our transaction volumes continued the recovery that began in the final quarter of 2009, and despite recent travel disruptions caused by the volcanic ash cloud, we are confident that we are on track to achieve our previous expectations for revenue and profits for the full year 2010.”

Related posts:

1. Travelport 2009 results – top-line summary
2. Orbitz Worldwide Q1 2010 results – bitesize summary
3. Expedia Inc Q1 2010 results – bitesize summary
4. Amadeus 2009 results – top-line summary
5. Travelport’s Clarke sounds optimistic, but in wait-and-see mode