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-Third Quarter 2013 Results-
Atlanta, GA, November 6, 2013 Travelport Limited, a leading distribution services and e-commerce provider for the global travel industry, today announces its financial results for the third quarter ended September 30, 2013.
Commenting on developments, Gordon Wilson, President and CEO of Travelport, said:
We have delivered five percent growth in both Revenue and Adjusted EBITDA for the quarter and year to date and we look to the future with confidence.
|||Grown Net Revenue and Adjusted EBITDA by 5% in both Q3 and year to date|
|||Increased RevPas by 4% in both Q3 and year to date|
|||Delivered new Japanese GDS for AXESS/Japan Airlines|
|||Further established industry-leading positions in both air and hotel content:|
|||Gained significant momentum on ground-breaking air merchandising platform, adding new low cost carriers and increasing ancillary content across all regions|
|||Sustained focus on hotel content now offering 525,000 unique properties|
|||Another record quarter for our fast-growing eNett virtual payments business|
Third Quarter 2013
|(in $ millions)||Q3 2013||Q3 2012||$ Change||% Change|
Travelports Net Revenue of $511 million for the third quarter of 2013 was $22 million (5%) higher than the third quarter of 2012, and Adjusted EBITDA of $128 million was $5 million (5%) higher than the third quarter of 2012.
Travelport RevPas increased 4% to $5.51.
Travelport generated $55 million in net cash from operating activities for the three months ended September 30, 2013 compared to $6 million for the three months ended September 30, 2012.
The following information was filed by Travelport Ltd (TVPL) on Wednesday, November 6, 2013 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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