Orbitz Worldwide Inc (OWW.N)
|Market Cap (Mil.):||$934.36|
|Shares Outstanding (Mil.):||110.71|
* Shares fall as much as 12 pct (Adds CFO comments, industry background; updates shares)
- Orbitz Worldwide Inc reported a lower-than-expected quarterly profit, due partly to higher marketing costs related to a new loyalty program for users of its travel booking websites.
Nov 6 - Online travel operator Orbitz Worldwide Inc reported a 14.6 percent jump in quarterly revenue, helped by rising leisure and business travel in North America.
- Travelport Worldwide Ltd's shares rose as much as 10.6 percent in their market debut on Thursday, valuing the provider of booking and payment services to the travel industry at about $2.13 billion.
(Adds details on shareholders, background; updates shares)
(This version of the Sept. 11 story, corrects paragraph 1 to say Travelport Worldwide is a booking and transaction platform provider for the travel industry, not an airline ticketing company. Also, corrects paragraph 5 to say Travelport has a stake of less than 1 percent in Orbitz, not 37 percent)
(In the Sept. 11 story, corrects paragraph 1 to say Travelport Worldwide is a booking and transaction platform provider for the travel industry, not an airline ticketing company. Also, corrects paragraph 5 to say Travelport has a stake of less than 1 percent in Orbitz, not 37 percent)
NEW YORK, Aug 29 - Online travel site Orbitz Worldwide Inc said on Friday that it had agreed on terms to restore airfare listings of American Airlines Group Inc that American had pulled from the site on Tuesday.
NEW YORK - The world's largest airline, American Airlines Group Inc, pulled its airfare listings from online travel sites operated by Orbitz Worldwide Inc on Tuesday because the companies failed to agree on terms for a new contract.
(Adds implications for other sites, Orbitz comment, share prices)
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