Technology

Aviate forecasts 55% revenue growth in 2018

Posted by Ben Ireland on
Aviate forecasts 55% revenue growth in 2018

Flight consolidator Aviate has forecast that its revenue will increase by 55% this year.

The company added short-haul and regional flying last year, when it recorded “strong growth figures”.

It also launched its Aviator Club, which offers rewards for tour operators, added 26 airlines to its product portfolio and increased its number of staff from 138 to 209 to accommodate a new lead generation team.

The Chester-based firm has also introduced an apprenticeship scheme with seven apprentices having joined its finance, IT, HR and customer services departments, working towards level three and level six qualifications with on-the-job training.

Michael Edwards, managing director of Aviate, said: “2017 has been a great year for Aviate. We’ve had some really exciting developments, from a product and business perspective, which have enabled us to carve out a strong performance for the year.

“Our new products are starting to make an impact on the market and driving strong results for the business. October was our busiest month to date, with 10,500 tickets issued versus 5,500 in October 2016.”

In 2014, Aviate worked with 10 airlines, generating £21.2m revenue. In 2015/16 and 2016/17 revenue generated was at £38.7m and £60.7m respectively. Now the company works with 50 airlines and says it is on schedule to generate £94m revenue in 2017/18.

Aviate’s sister company Calrom, a travel technology provider, says it also enjoyed a “successful year” in 2017 and opened a new office in Lahore to facilitate its expansion.

Sister company Lime, which provides a search, booking and ticketing service to the UK travel trade seeking British Airways tickets, has also recently announced that its customers will not incur the Distribution Technology Charge (DTC) applied on British Airways GDS bookings after it launched NDC (new distribution capability) technology in 2017 within its online portal for British Airways content.

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