TRAVELPORT has started to see the impact of Flight Centre’s switch to rival Sabre (TD 11 Apr 2017), with Travelport’s most recent quarterly results confirming local revenue declined 6% or US$9 million (A$12m) for the three months to 31 Mar.
The US Securities and Exchange Commission filing said the drop was mainly due to a 16% decrease in Reported Segments – but interestingly average revenue per segment rose by 11%.
“Reported Segments decreased due to loss of a large travel agency in the Pacific region, partially offset by growth in India,” the company said.
On a yearly basis, assuming equal quarterly revenue, the total revenue impact for Travelport could be close to $50m.
For the quarter Travelport’s net revenue rose 4% to US$677m, with net income of US$59m.
Source: Travel Australia