Travelport is sticking by its guidance for full-year 2018 following small gains in revenue and income for the first quarter of the year.

The company has reported a 4% increase in net revenue to $678 million and a 6% increase in net income to $59 million. Adjusted EBITDA however was down 9% to $154 million.

Splitting out the results, the company says revenue for its Travel Commerce Platform was up 5% to $653 million while Technology Services decreased 12% attributed to the sale of IGT Solutions Private a year ago.

Beyond Air revenue increased 22% to $180 million and contributed 28% of revenue for the Travel Commerce Platform.

Payments business eNett, which is part of Beyond Air, was again a strong performer with net revenue up 81% to $74 million.

President and chief executive Gordon Wilson hailed the strong start to the year with some of the results ahead of expectations.

He also attributed new business wins and contract renewals to the company’s investment in innovation.

Travelport renewed its agreement with Priceline at the beginning of April. It has also recently signed a technology and content partnerships with Nordic-based agency G Travel. The contract will also see G Travel, which has agencies across Norway, Sweden and beyond, implement data analytics tool Travelport Business Insights.

More to follow…