Aviation

Datalex suffers $11.5m loss in ‘disappointing’ year

Irish travel software company cites ongoing issues in China and admits to ‘material uncertainties’ over its future

Sean Corkery: Datalex chief executive said 2022 had been a ‘disappointing’ year in terms of revenues. Picture: Fergal Phillips

Datalex, the Irish travel software company backed by Dermot Desmond, suffered a drop in revenues in a “disappointing” year that left it with a loss after tax of $11.5 million (€10.4 million).

The company, which provides software to airlines to help with their retail sales, has struggled in recent times. In April it secured an extension from Desmond to repay a €10 million facility agreed with his Tireragh vehicle – at a cost of interest ...