lowcosttravelgroup.com

lowcost travel group - 20th in The Sunday Times Virgin Fast Track 100 League Table 2009


LATE BOOKINGS DOUBLE FOR LOWCOST TRAVEL

16 June 2009

The lowcost travelgroup has reported a strong lates market in the UK, with the value of transactions up 108% year on year and bookings up 122% since May 1.

The figures come on the back of improved half-year results for lowcost travel for the six months to the end of April, with the group reporting a 120% year-on-year jump in transaction revenue to £35.4 million.

Pre-tax earnings were £608,000 compared with a loss of £105,000 in the same period a year ago.

The figures include a contribution from transfer business ResortHoppa, acquired by lowcost travel in January. Like-for-like figures for lowcostholidays and lowcostbeds show revenue up 90% on a year ago to £30.5 million and passengers up 85% to 164,344.

Chief executive Paul Evans said the groups trade and consumer businesses were both working well and forecasts had been upgraded in line with the figures.

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