Navigant International, one of the largest travel management companies in America, recorded a drop in net income for 2005.
The company said net income for the year was $16.7m compared with $18.9m for the 2004 financial year, a fall of 12%.
Navigant said it revenues for the year rose from $451.4m to $492m and its pre-tax earnings rose from $56m to $59.3m.
It ended the year on a stronger note with the last three months of 2005 showing rises in revenues, net income and earnings before tax.
Mr Edward Adams, chairman and ceo, said the "solid fourth quarter results better reflect our long-term business model, which emphasises high client retention rates, strong transaction levels, new business and more value added offerings for customers as well as prudent cost controls."
Navigant was de-listed from Nasdaq in 2005 and required to file its figures for 2004, a process which Mr Adams said was "expensive and time consuming." It cost about $2.5m.
The company has now re-listed.
Mr Adams said that after the ending of its agreement with TQ3 Travel Management Solutions, Navigant is now the sole owner of the TQ3 Travel Solutions which has branches around the world.
It is expected to trade in Europe under the TQ3 brand.
Bid increasingly likely for BAA
A bid for BAA, owner of seven UK airports including Heathrow, could be made in the next two weeks, according to reports in the UK press.
The Financial Times said that the Singapore government and a Canadian fund manager, Caisse de Dépôt et Placement du Québec had approached Grupo Ferrovial, the Spanish company interested in buying the company, about forming a consortium.
BAA also owns Gatwick, Stansted, Southampton, Glasgow, Edinburgh and Aberdeen airports in the UK and bought Budapest Airport last December.
It also has stakes in or contracts with airports in Australia, Italy and the USA.
The company is valued at about £15bn including its debt of £5.25bn.
Grupo Ferrovial, a construction and services group, already owns Belfast City Airport and has a 50% stake in Bristol Airport in the UK.
While BAA is said to be ready to fight the bid, other UK interests, including the government and BA, have said they are relaxed about who owns the airports.
One voice of opposition has come from Stelios Haji-Ioannu, founder of easyJet, who said he feared any take-over would lead to higher airport fees.
Mr Haji-Ioannu said BAA was "too dominant" and should be broken up rather than bought by another airport owner.