Travel agency Atlantas profits have soared since its acquisition of Travelocity in the summer of 2017.
The company now boasts a market cap of $13.5 billion and is valued at nearly $1 billion.
The news comes just days after a lawsuit was filed against the company in a California federal court alleging fraud and breach of contract, as well as a lawsuit filed by a former employee who claimed the company violated his privacy by deleting his emails and social media accounts.
Atlants acquisition of the popular online travel booking site was part of a larger buyout of TravelUSA that was announced earlier this month.
It was also the company’s first foray into the luxury travel space.
Atlas CEO Robby Janssen, who previously headed the company, said that the company was not looking to expand its operations into hotels and vacation rentals.
Instead, he said, the company focused on helping travelers plan vacations.
“It’s our goal to make sure that we’re providing the best experience for our guests and that’s what we’ve done,” he said.
Travel agency atlas raised more than $5 million from investors.
But the company also faced backlash from its employees.
One former employee said the company had a reputation of being “unprofessional” and “corrupt” and that it was a “fraud.”
In August, Atlantic was sued by the company and its former employees.
The lawsuit alleged that TravelUSA, which was founded in 2002 and now has more than 200,000 active members, had failed to properly vet and screen its employees, that it had misled members about the quality of its products and services, and that its employees had been encouraged to take illegal drugs.
TravelUSA also faced a number of other lawsuits from former employees who claimed that they were forced to use the company as a home away from home and had been pressured to take drugs.
In June, the Federal Trade Commission and the Justice Department announced a settlement in which the company agreed to pay $200 million to settle claims that it violated the law.
Travel agents, however, are not the only ones at risk of legal troubles.
At the end of March, a federal judge in Nevada ruled that atlas.com was not subject to the same antitrust laws as other major travel booking sites, including Hotels.com and Orbitz.
However, he declined to allow the company to raise any additional funds to defend itself.
In August of this year, Atlas.biz filed for Chapter 11 protection in Nevada.
The filing said the Nevada Attorney General had requested that the case be dismissed because the company “is in bankruptcy protection.”
In July, atlas filed for bankruptcy protection in New Jersey.
