Worldspan blames losses on refinancing

6th Mar 2006

Worldspan has reported financial results for the fourth quarter and full year with revenues for the quarter of $207.8 million,
operating income of $10.5 million and a net loss of $3.2 million.For the year, the Company reported revenues of $953.8 million, operating income of $116.1 million and a
net loss of $0.7 million. During the year, the Company incurred a $55.6 million charge related to a
refinancing. With this charge excluded, net income for the full year 2005 would have been $54.9 million,
a $13 million improvement, or a 31% increase, over the full year results for 2004.
“We are pleased with the continued growth of our operating income in the quarter, given a challenging
revenue environment” said Rakesh Gangwal, Chairman, President and Chief Executive Officer for
Worldspan. “The fourth quarter and the full year results reflect a good year of accomplishments for the


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