Market Overview

UATP Announces 2019 Third Quarter Results

Share:

WASHINGTON, Oct. 17, 2019 /PRNewswire/ -- UATP, the airline-owned payment network, announced today its third quarter financial results.

"UATP's growth continues to impress our Network members as the year progresses; we have had another very strong quarter," said Ralph Kaiser, president and CEO, UATP.

UATP's Transaction Count increased 14% year-over-year, a 2% growth from second quarter. The Average Transaction Value reduced 11%; however, the overall Network Charge Volume grew 2%, an additional 1% from the previous quarter.

"We are thrilled with our growing Alternative Payment Processing business which has grown 19% year-over-year, an increase of 5% from the previous quarter," Kaiser continued. "These achievements are the result of UATP's hardworking employees and incredible partnerships. We expect 2019 to be another stellar year for UATP."

For more information, visit UATP.com.

ABOUT UATP

UATP is a global payment solution owned and operated by the world's airlines and accepted by thousands of merchants for air, rail and travel agency payments. UATP connects airlines to Alternative Forms of Payment which can expand reach and generate incremental sales globally. UATP offers easy-to-use data tools, DataStream℠ and DataMine℠, which provide comprehensive account details to Issuers and Corporate Subscribers for accurate travel management.

Accepted as a form of payment for corporate business travel worldwide by airlines, travel agencies and Amtrak®; UATP accounts are issued by: Aeromexico; Air Canada (TSE:AC) Air New Zealand (ANZFF.PK); Air Niugini; Air Serbia; American Airlines (NASDAQ:AAL); APG Airlines; Austrian Airlines; China Eastern Airlines (NYSE:CEA); Delta Air Lines (NYSE:DAL); EL AL Israel Airlines; Etihad Airways; Frontier Airlines; GOL Linhas aereas inteligentes S.A. (NYSE:GOL); Hahn Air; Japan Airlines (9201:JP); JetBlue Airways; Qantas Airways (QUBSF.PK); Shandong Airlines; Sichuan Airlines; Southwest Airlines; Sun Country Airlines; TUIfly GmbH; Turkish Airlines (ISE:THYAO); United Airlines (NASDAQ:UAL) and WestJet.

AirPlus International issues the UATP-based Company Account for Lufthansa German Airlines.

Contact:
UATP Corporate Communications
Wendy Ward, wward@uatp.com
+1 202 774 5017

UATP is a global payment solution owned and operated by the world's airlines and accepted by thousands of merchants for air, rail and travel agency payments. UATP connects airlines to Alternative Forms of Payment which can expand reach and generate incremental sales globally. UATP offers easy-to-use data tools, DataStream(SM) and DataMine(SM), which provide comprehensive account details to Issuers and Corporate Subscribers for accurate travel management. UATP is accepted as a form of payment for corporate business travel worldwide by airlines, travel agencies and Amtrak; UATP accounts are issued by: Aeromexico, APG Airlines, Air Canada, Air New Zealand, Air Niugini, American Airlines, Austrian Airlines, China Eastern Airlines, Delta Air Lines, EL AL Israel Airlines, Etihad Airways, Frontier Airlines, GOL Linhas aereas inteligentes S.A., Hahn Air; Japan Airlines, Malaysia Airlines, Qantas Airways, Shandong Airlines, Transavia Airlines, TUIfly GmbH, Turkish Airline, United Airlines, and WestJet. AirPlus International issues the UATP-based Company Account for: British Airways and Lufthansa German Airlines. (PRNewsFoto/Universal Air Travel Plan, Inc.)

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/uatp-announces-2019-third-quarter-results-300940583.html

SOURCE UATP

View Comments and Join the Discussion!
 
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com