The company, which has been hit hard by slumping travel demand, earned 1 cent per share, excluding a $332 million non-cash charge related to the decline in value of its assets and stock price.

That compared with a Wall Street consensus forecast for a loss of 2 cents per share, according to Reuters Estimates.

"The long-term question about when the recovery is going to happen, I think is still an open question," Chief Executive Barney Harford told Reuters. "We are certainly seeing in our channel some highlights and strong levels of growth."

Get the full story at Reuters

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