Revenue during the quarter grew 5.52 percent to $590.76 million from $559.84 million in the previous year period. Gross margin for the quarter expanded 46 basis points over the previous year period to 40.49 percent. Total expenses were 89.47 percent of quarterly revenues, down from 90.34 percent for the same period last year. This has led to an improvement of 87 basis points in operating margin to 10.53 percent.

Operating income for the quarter was $62.24 million, compared with $54.09 million in the previous year period.

However, the adjusted operating income for the quarter stood at $87.76 million compared to $78.22 million in the prior year period. At the same time, adjusted operating margin improved 88 basis points in the quarter to 14.86 percent from 13.97 percent in the last year period.

Gordon Wilson, President and CEO of Travelport, commented: "Travelport delivered a robust set of financial results during the third quarter against the backdrop of slower growth of the global GDS air market. International revenue increased 9% as we continued to benefit from our unrivalled airline merchandising innovations, our diverse Beyond Air portfolio and our balanced geographic presence. Moreover, during the quarter we continued to deliver against our key strategic objectives, announcing several new commercial deals across our platform."

Travelport Worldwide LTD projects revenue to be in the range of $2,350 million to $2,400 million for financial year 2016. For the fiscal year 2016, Travelport Worldwide LTD forecasts adjusted net income to be in the range of $145 million to $155 million. For financial year 2016, the company forecasts diluted earnings per share to be in the range of $1.16 to $1.24 on adjusted basis.

The company has spent $85.14 million cash to meet investing activities during the nine month period as against cash outgo of $130.65 million in the last year period.

The company has spent $144.91 million cash to carry out financing activities during the nine month period as against cash outgo of $59.74 million in the last year period.

Cash and cash equivalents stood at $138.40 million as on Sep. 30, 2016, up 37.03 percent or $37.40 million from $101 million on Sep. 30, 2015.

Working capital remains negative
Working capital of Travelport Worldwide Limited was negative $121.23 million on Sep. 30, 2016 compared with negative $137 million on Sep. 30, 2015. Current ratio was at 0.81 as on Sep. 30, 2016, up from 0.77 on Sep. 30, 2015.

Days sales outstanding went down to 37 days for the quarter compared with 39 days for the same period last year.

At the same time, days payable outstanding was almost stable at 18 days for the quarter, when compared with the previous year period.