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Travelport Worldwide LTD

No Longer Reporting

The company has not filed an annual or quarterly report since its Q1 FY2019 10-Q, filed May 10, 2019. Its latest SEC filing is a 15-12B from Jun 10, 2019.

The sections below describe the company as of the FY2018 annual report.

What Did They Do?

Provides air search, booking and merchandising technology connecting airlines with travel agencies and corporate travel buyers, alongside hotel and car distribution, payment solutions and airline IT services.

How Did They Make Money?

Customers pay mainly for booked air and other travel segments, alongside technology and platform services. Most Air payments are collected monthly through industry clearing houses and settle within approximately 30 days; other Air, Beyond Air and Technology Services customers are generally billed monthly and pay within approximately 30–60 days.

FY2014 revenue

Who Were Their Customers?

Airlines and other travel providers supply content for the platform, while travel agencies, online travel agencies, travel management companies and corporations use it to shop and book travel. Travelport sells through its own regional sales offices and, in some markets, third-party operators.

Did Revenues Turn Into Profits?

Yes. It kept 4 cents of every revenue dollar as net income in FY2014.

Operating income, FY2014
7% of revenue
▼ −23% vs FY2013 ($208M, 10%)
Net income, FY2014
4% of revenue
▲ Now profitable vs FY2013 (−$206M, −10%)

How Were They Changing?

Since the FY2018 annual report
Latest quarter: Q1 FY2019, the three months to Mar 31, 2019
Revenue
▼ −3%
vs $677.8M in Q1 FY2018
Net income
▼ −66%
vs $58.8M in Q1 FY2018
  • May 30, 2019 Siris and Evergreen affiliates completed the acquisition The merger made Travelport a wholly owned subsidiary; holders became entitled to $15.75 per share in cash, and its shares were set to be delisted.

Grew. Revenue grew 7% in 2 years, from $2B in FY2012 to $2.1B in FY2014, about 4% a year.

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