Total first-quarter segments decreased 16 percent to 90.4 million, including a 16 percent drop in the Americas and a 17 percent fall internationally, compared with the first quarter of 2008. Along with lower demand, Clarke attributed segment drops to the continued reduction in global airline capacity.

During the company's first-quarter earnings call, Clarke said there has been further segment deterioration after the quarter as April segments decreased 17.5 percent and 21 percent the first week in May, pushed by the swine flu scare.

In the first week of May, Travelport had a 30 percent decrease in bookings to Mexico compared with the week before and cancellations exceeded bookings. "At this point, it seems to have stabilized," said Clarke, who expects the company to rebound to the level of declines seen in the first quarter.

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