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Hitit reports significant growth in 2019 both in revenue and EBITDA – ten new airline partners

Hitit, one of the leading Airline IT providers in the aviation market, acquired ten new airline partners from nine countries – Bahamas, Chile, Cyprus, Greece, Kazakhstan, Kyrgyzstan, Pakistan, Spain and Uganda.

ISTANBUL – Hitit announced a significant growth in revenue and EBITDA. Revenue increased by 36 percent compared with 2018 and EBITDA grew by 68 percent against 2018. Furthermore, the company announced ten new airline partnership agreements giving an important boost to Hitit’s impact on innovation both locally and internationally and resulting in the company acquiring a larger share of the global PSS market.

Hitit, one of the leading Airline IT providers in the aviation market, acquired ten new airline partners from nine countries – Bahamas, Chile, Cyprus, Greece, Kazakhstan, Kyrgyzstan, Pakistan, Spain and Uganda. “We have increased our partner numbers in Africa, Asia, Europe and Latin America. 2019 was one of the most remarkable years in the company’s history, reflected in the large growth of our financials,” said Nevra Onursal Karaagac, Chief Sales and Marketing Officer at Hitit.

The number of partners increased by nearly 50 percent and we created an eco-system which allowed us to grow together with our partner airlines. For example, the performance of Flyarystan, one of our new partners in 2019, clearly demonstrates the success of our cooperation which resulted in more than 4,000 flights, over 700,000 passengers with a 94 percent load factor and a 90 percent on-time performance, in only eight months," explained Mrs. Onursal Karaagac.

For many airlines we provide a new generation one-stop-shop system,” said Nevra Onursal Karaagac. The Crane PSS system includes reservation & passenger Services, internet booking engine, mobile application, allotment manager, departure control system, loyalty layer and a customer care layer. Other solutions include operations planning, accounting plus business performance index, cargo services and a multi-lingual and multi-currency travel merchandising platform.

Hitit, established in 1994, is considered one of the top 5 global airline and travel IT solution providers in the world. Hitit’s brand “Crane” offers a comprehensive suit that serves flag carriers, low-cost and hybrid airlines, as well as ground-handling agencies. Hitit is a one stop shop for Software as a Service new generation airline IT solutions with modules geared towards every part of an airline’s business lifecycle. Hitit’s solutions and services provide its partner in the aviation industry in with state-of-the-art technology for passenger services, operations, accounting and cargo. Hitit currently serves 27 airline companies and travel clients across Europe, Africa, Asia, Middle East and Latin America. Hitit’s reservation system has processed more than 65 million passenger bookings with full GDS integration in all leading distribution systems, over 70,000 travel agencies use Hitit’s system, and more than 50 billion flight queries are processed with more getting on board each year. With a strong team of consultants and ever changing progressive vision, Hitit is an industry leader in seamless integration, high performance implementation and customer support. With multiple sales and distribution channel support and unlimited ancillary capabilities, Hitit’s solutions and services provide airlines the ability to maximize profit and minimize costs.

News Editor - TravelDailyNews Media Network | + Posts

Tatiana is the news coordinator for TravelDailyNews Media Network (traveldailynews.gr, traveldailynews.com and traveldailynews.asia). Her role includes monitoring the hundreds of news sources of TravelDailyNews Media Network and skimming the most important according to our strategy.

She holds a Bachelor's degree in Communication & Mass Media from Panteion University of Political & Social Studies of Athens and she has been editor and editor-in-chief in various economic magazines and newspapers.

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