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TRAVEL
May 12, 2002 | Jane Engle
Travel seller Lowestfare.com has stopped selling airline tickets on its Internet site, www.lowestfare.com, and has shut down its Jetset Tours division, an international airline consolidator that sold to travel agents. Company officials said tickets sold before May 2 would be honored and that www.lowestfare.com would continue to sell cruises and vacation packages. Gail Golden, vice chairman and CEO of Lowestfare.
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TRAVEL
May 12, 2002 | Jane Engle
Travel seller Lowestfare.com has stopped selling airline tickets on its Internet site, www.lowestfare.com, and has shut down its Jetset Tours division, an international airline consolidator that sold to travel agents. Company officials said tickets sold before May 2 would be honored and that www.lowestfare.com would continue to sell cruises and vacation packages. Gail Golden, vice chairman and CEO of Lowestfare.
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BUSINESS
April 2, 1999 | JAMES F. PELTZ, TIMES STAFF WRITER
Carl Icahn may be best known as a 1980s corporate raider, but the billionaire knows a lucrative 1990s trend when he sees it. Lowestfare.com, an Icahn-owned travel agency on the Internet, plans an initial public stock offering to tap investors' voracious appetite for e-commerce stocks. But Lowestfare.com is not your ordinary travel planner--electronic or otherwise. Lowestfare.
BUSINESS
April 2, 1999 | JAMES F. PELTZ, TIMES STAFF WRITER
Carl Icahn may be best known as a 1980s corporate raider, but the billionaire knows a lucrative 1990s trend when he sees it. Lowestfare.com, an Icahn-owned travel agency on the Internet, plans an initial public stock offering to tap investors' voracious appetite for e-commerce stocks. But Lowestfare.com is not your ordinary travel planner--electronic or otherwise. Lowestfare.
NEWS
April 28, 1999 | Bloomberg News
Lowestfare.com said it plans to sell 7.5 million shares for $11 to $13 each in an initial public offering, which would add more than $370 million to the fortune of its principal shareholder and chairman, Carl Icahn. The Las Vegas-based company's IPO presents an avenue for Icahn to benefit from an unusual agreement he forged in 1995 with Trans World Airlines Inc., where he was once chairman.
BUSINESS
June 6, 2002
* Avon Products Inc. said second-quarter sales will increase by about 4% because of higher revenue in the U.S. and Europe. Its shares rose 5.2%. Second-quarter earnings will increase to about 63 cents a share, the average forecast of analysts surveyed by Thomson Financial/First Call, from 57 cents, the company said. * Smithfield Foods Inc., the world's biggest pork producer, said fiscal fourth-quarter profit fell 53% as a glut of meat and weaker demand eroded hog prices.
BUSINESS
January 30, 2001 | Reuters
Trans World Airlines has asked a bankruptcy judge to OK the nixing of former TWA President Carl Icahn's cheap-ticket deal with the airline, which it called a financial sinkhole that could jeopardize its plans to be acquired by American Airlines. TWA said the contract with Icahn is an impediment to an auction of its assets by the March 12 deadline of its deal with American Airlines parent AMR Corp. and could force TWA into liquidation.
TRAVEL
December 30, 2001
Internet travel seller Expedia was fined $40,000 earlier this month by the U.S. Department of Transportation for failing to include fuel surcharges, generally about $20 on a one-way ticket, in some air fare listings. The consent order was one of seven DOT enforcement actions this year against airlines, Internet companies and other travel sellers for failing to include the surcharge, which major airlines began adding nearly two years ago.
TRAVEL
April 16, 2000
Following are the 20 Web sites that received the most hits from different users during March, as compiled by PC Data Online, an Internet research company. Site popularity varies from month to month. Most of the sites listed below are full-service agencies, offering reservations services for hotels, tours and airlines, as well as general travel research. Others offer limited services. *--* Ranking % of Audience *Unique Users 1. Mapquest.com 9.7% 6,528 2. Priceline.com 9.0% 6,050 3. Digitalcity.
BUSINESS
April 9, 2000 | JAMES F. PELTZ, TIMES STAFF WRITER
Carl Icahn is a corporate raider who's spent the last 20 years being a company's worst nightmare or a stockholder's best friend, depending on your view. But this much is true either way: Icahn's in it for the love of the game. Icahn got very rich and nearly became a household name in the 1980s as a raider of the first order, making headlines with other financiers such as T. Boone Pickens Jr.
TRAVEL
October 15, 2000 | LAURA BLY
As anyone who uses a mouse and modem to hunt for bargain air fares knows, trying to be your own online travel agent is a complicated, often-confounding proposition. It's also a time-consuming one. According to a new survey by industry consultants Gomez, more than 60% of online vacationers surf at least two travel booking sites before buying a ticket, while nearly 45% check out four or more options before buying. Now, two recently launched travel sites promise to streamline the process.
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