Worldspan Reports First-Quarter Results

Worldspan, L.P. reported financial results for the first quarter ended March 31, 2006. The Company reported revenues for the quarter of $262.1 million, operating income of $54.3 million and net income of $36.5 million.

The company´s financial outcomes for the quarter benefited from a reduction in expenses of $11.3 million related to contractual payments that were received from certain former online travel agencies towards settlement of disputes.

Excluding these benefits, operating income would have been $43.0 million and net income would have been $25.2 million. The year-over-year net income comparison also benefited from a $55.6 million charge the Company incurred in the first quarter of 2005 in connection with its refinancing activities in February 2005.

Ruling out this charge, the company´s reported net loss of $34.1 million in the first quarter of 2005 would have been net income of $21.5 million.

Worldspan is a leader in travel technology services for travel

suppliers, travel agencies, e-commerce sites and corporations worldwide.

Relying on some of the fastest, most flexible and efficient networks and computing technologies, Worldspan provides comprehensive electronic data services linking approximately 800 travel suppliers around the world to a global customer base.