Tuesday 27 September 2016

Datalex results take off on new airline customers

Published 29/08/2014 | 02:30

Irish travel software firm Datalex has delivered a strong set of first-half results, with revenue climbing 14pc to $20.2m (€15.3m) as customer deployments with airlines including Canada's Westjet and Virgin Australia went live.

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Datalex software helps airlines to generate additional ancillary revenue streams.

Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) rose 23pc to $3.8m (€2.9m). Transaction revenue - an important metric for Datalex - rose 19pc to $9.6m.

During the first half of the year, Datalex inked deals with a number of new customers, including US carrier JetBlue, as well as Brussels Airlines and Air Transat.

The company said 2014 is a year of "investment, performance and growth".

"We are undertaking a significant programme of new customer deployments," it said.

Irish Independent

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