Wyndham Worldwide Corporation announced that it will provide a webcast of its conference call to discuss the company’s fourth quarter and full year 2007 financial results at 8:30 a.m. EST on Tuesday, February 12.
American parent company AMR reported a $69 million loss for the fourth quarter, citing higher fuel prices as a major factor in breaking its streak of six straight quarterly profits, but the airline still managed a $504 million profit for the full year.
American Express Business Travel and Barceló Business Travel, a Barceló Group company specializing in business travel, announced agreement to come together in a joint venture.
The combined company will be profitable with $3.5 billion in transaction volumes and will be the fifth-largest online travel operator. Revenues are estimated to be around $85 million (Kayak $50 million and SideStep $35 million).
Despite strong demand during the holiday season and a slight increase in load factor over 2006, JetBlue Airways said it would grow “more conservatively” in 2008.
Northwest Airlines has entered into formal merger discussions with Delta Air Lines and will look for another partner if Delta tries to merge with United Airlines instead, the chairman of the House Transportation and Infrastructure Committee said in a newspaper interview.