29-Apr-2011 11:46 AM

Expedia revenue up 15% in 1Q2011

Expedia revenue up 15% - financial highlights for the three months ended 31-Mar-2011:

  • Revenue: USD822.2 million, +15% year-on-year;
  • Operating profit: USD108.2 million, -4%;
  • Net profit: USD52.0 million, -12%;
  • Transactions: 17.1 million, +8%;
  • Gross bookings: USD7294 million, +10%. [more]

Expedia: “Worldwide air revenue increased 6% for the first quarter, primarily due to an 18% increase in revenue per ticket, partially offset by a decline in ticket volume of 10%. The increase in revenue per ticket was primarily due to increasing average air ticket prices, acceleration of merchant air revenue and performance-based incentives. The decrease in ticket volume was partially due to a 13% increase in average air ticket prices and lack of American Airlines content for the duration of first quarter 2011. Expedia and Hotwire® sites worldwide added back American Airlines content on April 4, 2011 pursuant to a memorandum of understanding reached with American Airlines,” Company statement. Source: Expedia, 28-Apr-2011.

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More