GOL Linhas Aereas Inteligentes S.A., the largest low-cost and low-fare airline in Latin America, announces today its results for the third quarter of 2010 (3Q10). The following financial and operating information, unless otherwise indicated, is presented in accordance with International Financial Reporting Standards (IFRS) and in Brazilian Reais (R$), and all comparisons are with the third quarter of 2009 (3Q09) and the second quarter of 2010 (2Q10).

Priceline.com reported its third-quarter results, reporting a fiscal third-quarter income of $223 million, compared with a profit of $319 million a year earlier. Revenue was $1 billion, up from $730.7 million.

InterContinental Hotels Group reported financial results for the third quarter of 2010. The group reported total gross revenue from all hotels in IHG’s system of $5.1 billion, up 13 percent at constant currency, and global constant currency RevPAR growth of 8.1 percent, driven by occupancy growth of 4 percentage points and rate growth of 1.8 percent. Third-quarter operating profit increased 14 percent and year-to-date operating profit increased 19 percent, excluding the impact of performance-based long-term incentive costs.

Virgin America reported a third quarter net profit of $7.5 million—the airline’s first quarterly net profit. The growing airline reported a record quarterly operating profit of $21 million (a 314 percent improvement year-over-year), resulting in a 10.4 percent operating margin for the quarter. The airline reported revenues of $202 million for the quarter, a year-over-year revenue increase of 28 percent.

The impact of APD could be the difference between making a profit or not on Caribbean hoteliers, said the Chief Executive of Sandals Resorts, Adam Stewart, at the start of World Responsible Tourism Day at London’s World Travel Market, the premier global event for the travel industry.

Jamaican hoteliers are planning to press ahead with legal action over Thomas Cook’s refusal to pay the final 5 percent of its hotel bills this August and September. The Jamaican Hotel & Tourist Association said it had obtained a legal opinion which made it clear that Cook had no right to make the discount.