with the Americas region accounting for most of the decline, according to the company. Processed segments in all other regions were about flat. These metrics came amid a "slight contraction in global travel trends" throughout the industry. Travelport's first-quarter net loss of $10 million was narrower than the
$11 million net loss posted in the prior-year period, while net revenue slid 2 percent to $548 million. First-quarter adjusted earnings before interest, taxes, depreciation and amortization was down 9 percent to $127 million. When excluding the impact of losing a big United Airlines contract, adjusted EBITDA was $6 million, up from $5 million in the first quarter of 2012. President and CEO Gordon Wilson noted "an increase in underlying revenue, a growth in underlying adjusted EBITDA and a significantly strengthened Travelport group balance sheet following April's successful
refinancing."