Worldspan's cost reduction efforts and a $10.5 million settlement from a rival helped boost its profit by 60 percent in the second quarter.

The Atlanta-based private travel technology services company reported net income of $29.5 million on $251.7 million in revenue, compared with net income of $18.5 million on $245.6 million in revenue in the second quarter of 2005.

"We are pleased that our ongoing cost reduction strategies continue to have a positive impact on our bottom-line results," said Rakesh Gangwal, chairman, president and CEO. "To date, we have re-negotiated content agreements with five of the major domestic carriers. These new agreements allow us to provide our travel agency customers greater choice and flexibility over their businesses as new economics alter the airline distribution landscape."

The company's financial results for the second quarter also benefited from an increase in revenue of $10.5 million related to a contractual payment that was received from a former online travel agency in a final settlement of a dispute.

Through six months, the company had net income of $66 million on $513.8 million in revenue, compared with a net loss of $15.6 million on $506.2 million in revenue in the same period of 2005.

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