Recently appointed CEO, Greg Webb, has indicated that Travelport may move into the hospitality space and some of the other components as opposed to focusing only on the airline side going forward.
Overall, both domestic and foreign air travel growth benefited the company. During the first half of the year, the tech vendor boosted its revenue by 9.2% to $538 million (RMB 3.84 billion).
Sabre said the DOJ will need to file a complaint in a federal court before the deal closes if it plans to block the purchase.
Consumer channels, distribution integration, merchandising and emerging technologies are shaking up the travel sector.
Travel Network revenue increased 0.7% to $724.6 million with global air bookings share increased 120 basis points to 38.6%.
Amadeus' revenue increased 14.4% to €2,833.6 million; EBITDA expanded 10.7% to €1,193.4 million; and adjusted profit increased 9.9% to €666.7 million.
Webb joins Travelport following a $4.4 billion deal that took it off the New York Stock Exchange and back to private equity under the auspices of Siris Capital Group and Evergreen Capital.
Dawex would act as an enabler, allowing different travel and hospitality players to exchange information in a safe and compliant manner.
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