Multiplus profit eases, US DoT wades into American Airlines distribution fight
Multiplus, the frequent flyer unit of TAM, reported a 2.8% year-on-year decline in net profit to USD26.0 million on an 8.4% increase in revenue to USD194.9 million in the three months ended 31-Dec-2010. Multiplus shares finished the day 1.4% higher
- Multiplus, the frequent flyer unit of TAM, reported a decline in net profit and an increase in revenue for the three months ended 31-Dec-2010.
- Shares of Indian IT supplier, NIIT Technologies, surged 6.4% and have been trading strongly upwards.
- The US Department of Transportation cautioned several travel companies against bias in displaying fare and flight information.
- American Airlines is battling Sabre and Expedia over its plans to use its own distribution technology.
- Shares in Expedia were up 1.8% and Amadeus gained 0.8%.
- These are selected daily share price movements as of 15-Feb-2011.
Shares in Indian IT supplier, NIIT Technologies, surged 6.4%. The stock has been trading strongly upwards since last week, gaining 11.5% over the last three days of trading.
US Department of Transportation has wrote to Sabre, Travelport, Amadeus, Expedia, Orbitz Worldwide and Travelocity.com cautioning them against showing bias in their displays of fare and flight information. The letter was sent on 01-Feb-2011. The caution was delivered as American Airlines battles Sabre and Expedia over the airline's plans to use its own distribution technology. Shares in Expedia were up 1.8% yesterday, while Amadeus gained 0.8%.
Selected Others daily share price movements (% change): 15-Feb-2011
