Travelport Worldwide (TVPT) Tops Q1 EPS by 9c

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Go back to Travelport Worldwide (TVPT) Tops Q1 EPS by 9c

Travelport Worldwide Limited Reports First Quarter 2016 Results

May 5, 2016 6:45 AM EDT

LANGLEY, England, May 5, 2016 /PRNewswire/ -- Travelport Worldwide Limited (NYSE: TVPT) announces its financial results for the first quarter ended March 31, 2016.

Key Points

Net revenue up 6% to $609 million; operating income of $80 million and income per share (diluted) of $0.13 Adjusted EBITDA up 12% and Adjusted Income per Share (diluted) up 71% Travel Commerce Platform revenue up 7%; RevPas up 12% to $6.43 with over half of the increase driven by Air Strong revenue growth from certain higher value International regions, including Europe (up 18%), Latin America... More