Travelport Limited posted a first-quarter net loss of $171 million
, compared with a net loss of $29 million a year earlier, on a 17 percent drop in adjusted net revenue. Adjusted earnings before interest, taxes, depreciation and amortization was $136 million, down 21 percent. The company recorded a non-cash charge of $161 million to account for losses at Orbitz Worldwide, in which Travelport owns about 48 percent of outstanding equity. For the Travelport GDS unit, adjusted net revenue declined 14 percent on 16 percent fewer segments. Agency inducements and commissions fell by $39 million, or 17 percent. "We continue to expect 2009 to be a challenging year as our incremental year-over-year cost savings will not be sufficient to offset the weak demand for travel services," said CEO and president Jeff Clarke.