Worldspan Reports Third Quarter 2006 Results, Sees Slight Decline

Worldspan, L.P. announced Monday financial results for the third quarter, which ended Sept. 30. The company reported revenues for the quarter of $212.5 million, operating income of $32.2 million and net income of $15.5 million. The company's financial results for the quarter were impacted by lower online bookings and by new airline content agreement pricing which became effective during the quarter. "This was a quarter of significant change for our company," said Rakesh Gangwal, chairman, president and chief executive officer for Worldspan. "We signed new content agreements with airline suppliers and introduced two new products into the marketplace. The revenue decline in the quarter was largely offset through efficient cost management which kept our profitability healthy."

FREE Virtual Event

Pivoting Back to Travel: Phase 4

Are you prepared to guide your clients through the “new normal” of travel? Join us December 15, 2020 from 1pm-2:20pm EST for Pivoting Back to Travel: Phase 4. The upcoming installment of our FREE virtual series will feature presentations from the Cayman Islands, Dominican Republic, and Seabourn on their most up-to-date travel procedures, health & safety protocols they’ve implemented to keep guests safe, activities that are open to visitors, what your clients need to know while on their trip and more! Visit www.pivotingbacktotravel to view the full agenda and register for your FREE pass.
Read more on:

Suggested Articles:

The current commission payment model and the lack of travel due to the global pandemic has wrought an existential crisis on travel agencies.

ID Travel Group has announced the winner of its third Bonham-Carter Graduate Scholarship at Oxford University. See more here.

Eighty-seven percent of people who voted in the November 3 election support a new round of coronavirus-related relief from Washington. Read more here.