Hotel bookings propel Orbitz first quarter profit
Skift Take
Obitz's much-hyped deal to power the American Express consumer travel site contributed to first quarter growth, but it looks like it isn't turning out to be the bulldozer that Orbitz anticipated.
Online travel agency Orbitz Worldwide Inc. said Thursday it turned a profit in the first quarter thanks to higher hotel room bookings and sales of its vacation packages.
The Chicago company reported a profit of $146.2 million, or $1.34 per share in the quarter that ended March 31, compared with a year-ago loss of $6.5 million
