Europe Driving Orbitz, US Still Depressed

Profits are still down at Orbitz despite an impressive performance from its ebookers European hotel business, which increased net revenue by 39% in the September quarter. Total international bookings increased 31% but US results slumped -4%. Other concerns include lower HotelClub volumes, an airfare sales drop of -3% and increased costs. Net income for the quarter was US$11.2m compared with $15.3m for the same period in 2010.

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