Opodo could make a profit by 2007 after seeing its losses halve in 2004. Chief executive Simon Vincent said the online agency has more than doubled turnover from €400 million to €1 billion for 2005.

In the 19 months since Amadeus took over in June 2004 it has expanded from three European markets to nine, with an Italian site launched last week. The company has also moved into tour operating, buying five companies, including UK long-haul operator Quest Travel for £1.2 million.

Vincent said the business will break even this year and is “way ahead of expectations”. “We were cash positive during the peak summer months last year,” he said. “We have a clear path to profitability balanced with driving value.” Vincent boasted Opodo is “bigger than Ebookers in the UK for gross sales,” although not as big as Expedia.

Get the full story at TravelWeekly UK