Expedia stock jumps on strong earnings and cost-cutting plan
Expedia stock jumps on strong earnings and cost-cutting plan. Company has refocused on core operations following executive shuffle. The sum of what customers spent across rooms, flights and other travel across Expedia’s brands - known as gross bookings - grew 6 percent to $23.2 billion for the quarter. Room nights stayed were up 11% during the quarter. Air revenue was down 8%, driven lower by a 9% decrease in revenue per ticket.