For the 2011 fourth quarter, Travel Centers of America had a net loss of $2.5 million. This is, however, an improvement compared to the net loss of $30 million in the 2010 fourth quarter.


The improvement was primarily from increases in fuel and nonfuel sales and gross margin levels, and from a reduction in rent and interest expenses as a result of a January 2011 lease amendment with Hospitality Properties Trust, or HPT.

There was a net loss of 9 cents per share compared to a net loss of $1.71 per share in 4Q 2010.

Fuel sales volume and fuel gross margin increased by 1.2% and 22.1%, respectively, in the 2011 fourth quarter as compared to the 2010 fourth quarter.

Nonfuel sales and gross margin for the 2011 fourth quarter increased 10.0% and 8.4% over the 2010 fourth quarter, respectively.

For the full year, TA had a net income of $23.6 million compared to a net loss of $66.7 million in 2010. Revenue for the year was 7.9 billion compared to 5.9 billion in 2010. Net income per share for the year was 98 cents compared to a net loss per share of $3.84 in 2010.

As of Dec. 31, 2011, TA's business included 237 sites, 168 of which were operated under the TravelCenters of America or TA brand names and 69 of which were operated under the Petro brand name.