News from Travel Technology Update: The defections of online travel companies to other GDSs are making sizable dents in Worldspan's revenues and net income. Like other GDSs, Worldspan's revenues also have shrunk due to lower transaction fees from airlines that have signed new distribution agreements. Worldspan reported a 14% decline in net income for the third quarter, to $15.5 million, on revenues of $212.5 billion, down 11%. The company's online bookings decreased 17% in the third quarter. ...

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