GDS provider Travelport Limited lost $82 million in the fourth quarter of 2011, compared with a $69 million loss during the same period of 2010.
The parent company of the Galileo, Apollo and Worldspan GDSs said that net revenue during the quarter was up 3% to $465 million from $452 million.
"2011 financial results were in line with expectations," Travelport CEO Gordon Wilson said in a statement. "Total transaction value for air travel and hotel sales was 6% higher at $83 billion, and we launched and deployed four significant, innovative new products designed around our new technology platform."
Travelport said its net revenue increase was the result of a $10 million increase in transaction-processing revenue, driven by a 2% increase in segment volumes. The largest volume increases were in the Americas and the Middle East and Africa. Segments grew 4% in the Americas.
Revenue for Travelport's Airline IT Solutions division increased $3 million, to $53 million, in the quarter.
For full-year 2011, Travelport's net profit was $175 million. The company's bottom line was boosted by a $312 million gain from the disposal of discontinued operation. In 2010, Travelport lost $43 million.
Revenue was $2.03 billion, up from $1.9 billion in 2010. Global transactions were up 2% in 2011.
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