Distribution
Travelport during the quarter ending Sept. 30 processed 86 million GDS segments, up 1.3 percent from the prior-year period.
Processed segments were down 0.5 percent in the Americas, where the company reported "some impact due to U.S. government sequestration," but also claimed its 7 percent GDS segment growth in Canada outpaced the industry's 3 percent growth. Travelport also reported segment volume increases in Asia/Pacific (9.1 percent) and the Middle East and Africa region (2.1 percent), but a 0.4 percent decrease in Europe. The company's third-quarter financial performance included 5 percent year-over-year growth in net revenue (to $511 million) and adjusted earnings before interest, taxes, depreciation and amortization (to $128 million). Due in part to $83 million in net interest expenses, the quarterly net result was a $27 million loss, narrower than the $41 million net loss from a year earlier.