Orbitz continues struggles on weaknesses in North America and Europe
Skift Take
Where's the beef? Orbitz's turnaround has been tortoise-like, putting the business' viability in doubt.
It's getting hard to remember a time when Orbitz Worldwide wasn't struggling, a situation highlighted with the release of its third quarter financial results today.
The company, which owns various brands including Orbitz, CheapTickets, ebookers, and HotelClub, and also runs a private label business, saw gross bookings and revenue drop 7% and 2%, respectively, in the third quarter, although net income rose 32% to $14.8 million.
The business was impacted by lower air volumes and declining revenue from car rentals and travel insurance, although standalone hotel-room night revenue increased a relatively lethargic 4% to $61.2 million.
“We had mixed results for the third quarter
