Distribution
Travelport during the fourth quarter of 2012 processed 3.3 percent fewer segments globally than it did a year earlier.
The Americas region had the largest year-over-year decline, down 6.1 percent to 37 million segments, while Europe was the only region showing growth, up 1.1 percent to 19 million segments. For full-year 2012, Travelport's processed segments declined 2.2 percent, with the Americas again experiencing the largest regional drop, down 3.5 percent to 170 million, while the Middle East/Africa region had the only increase, up 1.8 percent. Parent company Travelport Limited's fourth-quarter adjusted earnings before interest, taxes, depreciation and amortization was $89 million, down from $106 million in the year-earlier period. When excluding the loss of the United Airlines IT services contract, adjusted EBITDA increased by $2 million versus the fourth quarter of 2011. Overall, Travelport's quarterly net loss nearly doubled to $165 million.