It has been another exceptional quarter
(Vocus) July 16, 2010
International flight search site Skyscanner.com announced today another record quarter. Strong growth for the quarter (1 April – 30 June) saw revenues grow each month, with the quarterly revenue topping $4.5 million for the first time, representing a year on year growth of more than double.
“It has been another exceptional quarter,” said Skyscanner CEO Gareth Williams. “The continued upward trend is particularly encouraging considering the disruption over the last few months created by volcanic ash, strikes and the World Cup which has been affecting the travel sector as some put off planning their holidays until it’s all over.”
International growth of the business continues a trend from the first quarter with a strong YOY performance in both America and Europe, and an encouraging YOY growth rate of 75% in Asia. Recently launched local country sites including Finland, Hungary and Ukraine have also delivered encouraging growth.
Gareth Williams continued: “More than $225 million downstream revenue has been generated for our global airlines and partners just from flight sales alone. We have developed very strong partnerships, especially in America and Europe and are pleased to see such solid conversion rates for them.”
Scot Carlson, Country Manager for the US and Canada, commented, “Skyscanner’s strength at finding cheap flights to thousands of destinations has been well received in North America. Our monthly user sessions in the US are now more than half a million and this figure is growing every month which bodes well for the future.”
Notes to editors
*Traffic and visits for the purpose if this release relate to new unique users of http://www.skyscanner.net
*** Downstream revenue has been estimated, based on average basket values
Skyscanner.com is a leading travel search site providing instant online comparison on flight prices for over 670,000 routes, including flights from New York and flights to Amsterdam, on over 600 airlines, as well as car hire, hotel and holiday price comparison.