Travelport narrowed its first-quarter loss to $11 million, down from a $23 million loss during the same period of 2011.

The GDS company reported revenue of $550 million, a 4% rise driven by a 4% increase in transaction processing.

"This quarter has seen significant enhancements in our geographical position in the key growth regions of Asia and Africa, as we continue to execute on our strategy," Gordon Wilson, CEO of Travelport, said in a statement. "Financial performance was solid and in line with our expectations, and we successfully restructured our near-term debt."

Travelport's North America segments were up 3.5%, to 49 million from 47 million.

Follow Johanna Jainchill on Twitter @jjainchilltw.

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