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Bottom falling out of Internet holiday companies?

Discussion in 'General Discussions and Lounge' started by temi, Nov 15, 2004.

  1. temi

    temi Facilitator Webmaster

    The company hopes to see recovery in the European flights market
    Online travel firm Ebookers has said cutting 360 jobs helped trim third-quarter losses by 39% to £1.9m ($3.5m).
    The group, with brands including Bridge The World and Flightbookers, has websites in 13 European countries.

    Ebookers said the cost-cutting moves would help improve its profitability, despite continued investment in new technology and online hotel bookings.

    Gross sales from July to September were up 9.6% to £159m, on the back of an 11% rise in turnover to £20.1m.

    Before exceptionals and other items, group profits increased by 30% to £1.3m.

    source: bbc.co.uk
    full story: news.bbc.co.uk/1/hi/business/4012383.stm

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