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BUSINESS
May 5, 2001 | James F. Peltz
Low-fare carrier Southwest Airlines filed suit against Orbitz, alleging that the travel site was using the low-fare carrier's logo and other proprietary data without its permission, and that certain Southwest information on the site "is false and misleading." Gary Doernhoefer, Orbitz's general counsel, said in a letter to the airline that Orbitz had removed Southwest's logo from its site and stood ready to "work with" Southwest to address its other complaints.
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BUSINESS
November 11, 2008 | Times Wire Services
McDonald's Corp., the world's largest restaurant company, posted October sales that beat some analysts' estimates after U.S. consumers, pinched by rising food bills and unemployment, bought double cheeseburgers and other $1 items. Global sales at restaurants open at least 13 months climbed 8.2%, paced by Europe's gain of 9.8% compared with a year earlier. U.S. same-store sales increased 5.3%, the Oak Brook, Ill., company said. The Oct.
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TRAVEL
December 9, 2001
Orbitz.com, the Internet travel seller owned by five airlines, this month began charging a service fee of $5 per ticket. Customers are allowed a one-time free transaction until mid-January, said Roland Jacobs, chief marketing officer. "We were, in fact, anticipating a fee months ago," Jacobs said.
BUSINESS
November 13, 2007 | From Times Wire Services
Online travel agency Orbitz Worldwide, which became publicly traded in July, had a thirdquarter net loss of $32 million, or 38 cents a share, compared with a loss of $9 million a year earlier. Excluding items, including a $32-million initial public offering-related charge, Orbitz said it earned $43 million, or 23 cents a share, compared with the $35 million that analysts were expecting, according to Reuters Estimates. Orbitz said its third-quarter travel bookings increased 11% to $2.6 billion.
BUSINESS
July 15, 2002 | Reuters
A House subcommittee is scheduled to hold a hearing this week to air competition concerns about Orbitz, the online ticket venture owned by five major U.S. airlines. The hearing, before a subcommittee of the House Energy and Commerce Committee, was being billed as "an examination of supplier-owned online travel sites."
BUSINESS
November 13, 2002 | From Reuters
The federal government said it had no plans to regulate the advertisement and sale of airline tickets on the Internet, good news for struggling air carriers that have invested heavily in Web-based marketing strategies. The Transportation Department's decision is a big victory for online travel service Orbitz Inc., which is owned by five major airlines.
BUSINESS
July 21, 2007 | From Times Wire Services
Shares of Orbitz Worldwide Inc., the online travel agency controlled by buyout firm Blackstone Group, fell more than 3% on Friday in their trading debut. The stock lost 50 cents to $14.50. The firm sold 34 million shares Thursday for $15 each, below the range it had planned. Blackstone has been the website's owner for 11 months through its Travelport Ltd. unit, which still owns 60% of Orbitz's stock.
TRAVEL
September 16, 2007 | Vani Rangachar
Early this month, Orbitz launched a beta version of Traveler Update, updates.orbitz.com, a networking site for the nation's fliers. It could help travelers navigate 45 of the nation's airports. What's hot: You get real-time security wait times, traffic, average flight delays and more delivered on your computer, cellphone or PDA. What's not: Not all info is helpful -- the generic "lots of activity" at Tom Bradley Terminal was followed by, "All international flights are on time." Huh? -- vani.
BUSINESS
April 14, 2001 | Reuters
Orbitz, a travel Web site funded by five major airlines, is set for launch in June after the U.S. Transportation Department declined to prevent the start of the venture or seek changes in its business plan. The Orbitz plan had sparked a review by regulators and criticism by online competitors and travel agents who were skeptical that an airline-funded travel venture would benefit consumers. Orbitz is funded by United Airlines parent UAL Corp.
BUSINESS
August 20, 2002 | Associated Press
Orbitz said it now can book tickets directly in the reservation system of American Airlines, an arrangement it intends to expand soon to other carriers. Airlines will be charged $4 per ticket booked for Orbitz's new service. In comparison, the three big reservation systems--Sabre, Galileo and Worldspan--each charge about $4 per flight segment, or about $10 a ticket.
TRAVEL
September 16, 2007 | Vani Rangachar
Early this month, Orbitz launched a beta version of Traveler Update, updates.orbitz.com, a networking site for the nation's fliers. It could help travelers navigate 45 of the nation's airports. What's hot: You get real-time security wait times, traffic, average flight delays and more delivered on your computer, cellphone or PDA. What's not: Not all info is helpful -- the generic "lots of activity" at Tom Bradley Terminal was followed by, "All international flights are on time." Huh? -- vani.
BUSINESS
July 21, 2007 | From Times Wire Services
Shares of Orbitz Worldwide Inc., the online travel agency controlled by buyout firm Blackstone Group, fell more than 3% on Friday in their trading debut. The stock lost 50 cents to $14.50. The firm sold 34 million shares Thursday for $15 each, below the range it had planned. Blackstone has been the website's owner for 11 months through its Travelport Ltd. unit, which still owns 60% of Orbitz's stock.
BUSINESS
July 20, 2007 | From Times Staff and Wire Reports
Orbitz Worldwide Inc., the online travel agency owned by buyout firm Blackstone Group, raised $510 million in an initial share sale Thursday. The Chicago-based company sold 34 million shares at $15 each, less than the range it forecast this month. The stock will begin trading on the New York Stock Exchange today under the symbol OWW. Blackstone, the website's owner for 11 months through its Travelport Ltd. unit, took Orbitz public to capitalize on a surge in global travel.
TRAVEL
November 14, 2004
Raising the ante in the battle for business, online travel seller Orbitz says it will offer $50 coupons, good for travel purchases from that site, to customers who find a published online airfare at least $5 lower than the one posted on www.orbitz.com. The "Low Fare Promise" comes with a long list of conditions. Among them: To claim the $50, you must complete an online claim form by midnight Central Time on the day you buy the ticket on Orbitz.
BUSINESS
November 4, 2004 | From Dow Jones/Associated Press
Orbitz Inc., the Internet travel agency that is being bought by Cendant Corp., posted a 30% jump in third-quarter profit, aided by a surge in hotel business. Chicago-based Orbitz said net income rose to $5.1 million, or 12 cents a share, from $3.9 million, or 10 cents a share, a year ago. The most recent quarter included several one-time items: a noncash charge of $1.4 million for restructuring; $4.2 million in expenses from the Cendant deal; and a $967,000 reversal of tax-related expenses.
BUSINESS
December 17, 2002 | From Bloomberg News
Orbitz Inc., the Web-based travel seller owned by the five largest U.S. airlines, doesn't have an unfair advantage over rivals such as Expedia Inc., a Department of Transportation study concluded. Orbitz's practice of requiring participating carriers to post the same fares on its Web site that are available on any other Internet locations to get a rebate on booking fees hasn't resulted in monopolistic or anti-competitive behavior, according to the report.
BUSINESS
September 9, 2000 | Reuters
Orbitz, a travel Web site founded by major U.S. airlines, said it was postponing its launch to the public from this fall to next summer for more testing of its reliability. Chicago-based Orbitz also announced new partnerships with car rental firms Advantage Rent-A-Car and Hertz Corp., and with National Leisure Group, a provider of vacation and cruise packages. Orbitz said it would offer a comprehensive and unbiased view of travel fares, schedules and rates.
BUSINESS
November 13, 2007 | From Times Wire Services
Online travel agency Orbitz Worldwide, which became publicly traded in July, had a thirdquarter net loss of $32 million, or 38 cents a share, compared with a loss of $9 million a year earlier. Excluding items, including a $32-million initial public offering-related charge, Orbitz said it earned $43 million, or 23 cents a share, compared with the $35 million that analysts were expecting, according to Reuters Estimates. Orbitz said its third-quarter travel bookings increased 11% to $2.6 billion.
BUSINESS
November 13, 2002 | From Reuters
The federal government said it had no plans to regulate the advertisement and sale of airline tickets on the Internet, good news for struggling air carriers that have invested heavily in Web-based marketing strategies. The Transportation Department's decision is a big victory for online travel service Orbitz Inc., which is owned by five major airlines.
BUSINESS
September 6, 2002 | Reuters
The Transportation Department dismissed charges that airline-owned ticket distributor Orbitz Inc. had waged an anti-competitive campaign against travel agencies. The department said it saw no reason to investigate further competition complaints by the American Society of Travel Agents, concluding that neither Orbitz nor the airlines that own it have used "unfair methods of competition" against agents.
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