Expedia Net Profit Sinks, Revenue Per Ticket Falls
Expedia's fourth-quarter net profit sank 43% to $25.2 million, and executives warned that 2006 will be difficult due to investments the compny is making in Europe and intense competition. "The fourth quarter wasn't as strong as we hoped it would be," said CEO Dara Khosrowshahi, citing a "fiercely...
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