Orbitz posting disappointing results
August 07, 2008 | Online Travel
Orbitz had to cancel an investing conference appearance, after its numbers weren't ready in time for its originally scheduled call on Monday. The results weren't worth waiting for, with another quarterly loss on a mere 1% top-line uptick.
Online travel company Orbitz Worldwide Inc. said that it narrowed its loss in the second quarter as bookings rose.
The company posted a loss of $5 million, or 6 cents per share, compared with a loss of $32 million in the same period last year, before new shares were issued.
Revenue increased to $231 million from $229 million. Orbitz said bookings rose 4 percent to $3 billion. Bookings from international operations increased 41 percent to $476 million, while domestic bookings fell 1 percent to $2.6 billion.
Get the full story at Yahoo! Finance
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