Expedia reported a sharp drop in its second-quarter profits, but still did better than expected; gross bookings were down, but hotel room nights and air transactions were up. Management said the results showed that Expedia has a business model that works no matter what the business environment is. The company earned $40.9 million in the second quarter, down 57 percent from $96.1 million for the same period a year earlier.
Southwest Airlines has confirmed that the carrier is preparing a bid to acquire Denver-based Frontier Airlines, which will be sold at auction in bankruptcy court next month.
Southwest Airlines has confirmed that the carrier is preparing a bid to acquire Denver-based Frontier Airlines, which will be sold at auction in bankruptcy court next month.
Southwest Airlines has confirmed that the carrier is preparing a bid to acquire Denver-based Frontier Airlines, which will be sold at auction in bankruptcy court next month.
US Airways is partnering with Gogo Inflight Internet to provide Wi-Fi Internet access onboard 50 A321 aircraft, which will roll out in early 2010. Full Internet service will include web, instant messaging, email and VPN access, which will be available for purchase to passengers with laptops or Wi-Fi enabled devices.
TUI Travel PLC has acquired adventure cruise and tour company Zegrahm Expeditions and its sister company, Eco-Expeditions, an adventure travel company specializing in small-ship cruises, tours, and safaris to remote areas. No transaction price was announced.