Aviation
Losses shrink at Datalex as Covid bounce back boosts bottom line
Aviation e-commerce company reported a 23 per cent lift in revenue
Losses at Datalex, the Dublin-headquartered airline e-commerce firm, shrunk to $9.1 million (€8.37 million) for 2023, down from $11.5 million in 2022.
The improvement in company fortunes was driven by a 23 per cent surge in revenue to $28.9 million stemming from a recovery in air travel post-pandemic.
Almost all of the increase came out of the firm’s services revenue, which rose 47 per cent to $16.4 million, while platform revenue climbed slightly by ...