Online travel booking engine Datalex has reported pre-tax losses of $2.1m for the year ending December 2010 - an improvement from the losses of $4.5m reported in 2009.
Revenues for the year fell by 1% to $26.8m from $27.1m as the travel industry gradually began to recover from the troubles of 2009. The company said it took a hit of $0.3m as a result of the volcanic ash cloud disruption in the second quarter of 2010.
Datalex signed up six new customers during the year, including US carrier Midwest Airlines, Spanair, Air China and Air Malta.
Datalex said that improvements in the travel industry have continued into 2011, but challenges remain due to the uncertain global economic outlook and oil price volatility.
'We maintain an optimistic outlook on 2011 - we have a product portfolio that is globally recognised as a leader in the market. We have a lean and efficient business, and a flexible delivery model that deploys our product faster than ever before,' the company added.
