Travelport Limited expects its first quarter pro forma net revenue to be approximately 6% to 7% above prior year pro forma results, which were $635 million and its first
quarter pro forma EBITDA results to be approximately 15% above the prior
year pro forma results, which were $115 million. These expected results
include the impact of the anticipated yield decline from our new US airline
contracts and unfavorable foreign exchange movements year-over-year.
The Company reiterated that certain seasonal trends cause its revenue
to be generally higher in the second and third quarters of the year and
then flatten in the first and fourth quarters of the year.
Travelport President and CEO, Jeff Clarke, stated: “I’m delighted to
announce that we’re off to a strong start to the year with two months of
actual results and insight into March. This performance is being driven by
both top line revenue growth and cost control through our reengineering
Pro forma results exclude items such as the impairment charges,
separation from Cendant expenses, restructuring expenses and other items
consistent with the pro forma adjustments disclosed in the fourth quarter
2006 earnings release issued on March 15, 2007.