UATP Reports 2019 Second Quarter Results
The results reflect continued company growth
WASHINGTON, July 30, 2019 /PRNewswire/ — UATP, the airline-owned payment network, announced today its’ second quarter results.
UATP’s Network Charge Volume increased 1% year-over-year while the Average Transaction Value dropped 10% to USD 430 per ticket; however, UATP’s Transaction Count increased 12% year-over-year.
“UATP continues to thrive in 2019. These results reflect a solid second quarter and we expect them to continue in the upcoming months,” said Ralph Kaiser, president and CEO, UATP.
“In addition to the strong Transaction Count this quarter, UATP’s Alternative Payment Processing business has increased 14% year-over-year.” Kaiser continued, “These results are proof that our strategic growth plan is successfully growing both lines of business.”
For more information, visit UATP.com.
To view the press release, click here.