Travelocity reports £3.4 million profits

TRAVELOCITY has reported profits of £3.4 million for the quarter ending September 30, despite a drop in bookings following the US terrorist attacks.

The company failed to reach its expected revenue of £58.6 million, hitting only £54.1 million.

It also revealed that air ticket sales are now around 80% pre September 11 levels and around 70% expected October levels.

UK director Jamie Cole was upbeat about the figures: “From a UK and European perspective, it’s a tough time but we are seeing an uplift in sales after September 11,” he said.