Friday, August 04, 2006

(Some) good news in Dallas

It has been tough times for the big three online travel bodies. Expedia’s stock is down 43% over the last 12 months with poor analyst reports not helping matters. Orbtiz is caught up in the constant re-orgs, staff departures, integration horror and spin-offs of Cendant. Travelocity has also been hurting. Now there seems to be some good news for Travelocity coming out of bad news for Sabre. Results out today show that Sabre’s net profit dropped 23% in the second quarter however sales were up 17% “with most of the gains coming from a 63% jump in sales at its Travelocity”

Hopefully good news for the boys and girls of Dallas is indicative of market improvements that the companies of Seattle and Chicago will enjoy. Seattle will need good news as its Chairman was delivering really bad news for ex-parent group IAC.

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