Expedia Quarterly Profit Sinks On Lower Air Sales
Expedia's third-quarter net profit sank 38% to $59 million partly because of a drop in revenue from U.S. air bookings, but the online travel agent claims that the results will turn around in 2007. The operating profit fell 40% to $89 million, driven by a $47 million non-cash impairment charge and a...
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