Shares of Expedia rose 13 percent Friday as analysts hailed the online travel agency’s TripAdvisor separation plan as a way to unlock potential value. Get the full story »
Inside these posts: Online travel agents
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Enterprise pulls rental cars from Orbitz
An Enterprise Rent-A-Car office at 849 Roosevelt Road in Lombard. Enterprise will no longer offer car rentals through Orbitz. (Carl Wagner/Tribune)
Orbitz Worldwide Inc. will stop selling auto rentals from Enterprise Holdings’ brands from April 1, after the online travel agent became embroiled in another contract dispute with a leading vendor.
Enterprise, the world’s largest auto rental company through its eponymous brand and Alamo and National units, said Tuesday it was ending its relationship with Chicago-based Orbitz “after months of difficult discussions.” Get the full story »
Orbitz names replacements for outgoing directors
Online travel company Orbitz Worldwide Inc. said Friday that it named Robert Friedman and Kristina Leslie to its board in the wake of resignations from directors Paul Schorr IV and William Cobb. Get the full story »
US Airways to offer all services on Travelocity
Travelocity said Tuesday it signed a multiyear deal with US Airways to offer the carrier’s full range of content through the Sabre Holdings global distribution system, a third party agent that owns Travelocity. Get the full story »
Orbitz losses widen in 4Q
Chicago-based Orbitz Worldwide Inc.’s fourth-quarter loss widened as revenue increased but the company booked $79.5 million of impairments.
The company also forecast current-quarter revenue of $177 million to $184 million. Analysts surveyed by Thomson Reuters expect $194 million. Get the full story »
