Travelport saw its revenues increase to $678 million in the first quarter of 2018 but the loss of its large Flight Centre account has hit profits to the tune of 9%.
The revenue increase year-over-year of 4% was joined by a net income climb of 6% to $59 million over the same period.
Flight Centre split its travel agency business to Amadeus and Sabre during 2017 - a factor that helped push down Travelport's adjusted EBITDA from $168.6 million to $154.2 million year-over-year in Q1.
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The company's travel commerce platform experienced a growth figure of 5% to $652 million.
This was driven largely by its Beyond Air services which increased by 22% to $179.8 million. Air revenue growth was flat at $472.9 million compared to the same quarter in 2017.
The major winner at the company in terms of growth was, once again, payment service provider eNett with a 81% jump in revenue to $74 million in Q1.
European segment growth in the GDS came in at 9% year-over-year - the company's best performing region. Asia Pacific was down 16% (again, largely due to the loss of Flight Centre), meaning total segments worldwide were down 1% compared to the same quarter in 2017.
More to come...