CNG Travel’s first-half losses €13m higher than the same period last year

CNG Travel, the Kerry-based online reservations company, has seen its losses swell to nearly $22 million (€18.2m) in the first half of the year.

The figure is $13m (€10.8m) higher than the previous year, with the bulk of the losses incurred through an asset impairment charge and because of foreign currency translation.

Turnover for the year was strongly ahead, up 16% at $31.2m (€25.9m), boosted by its US business Tzell.