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More on Orbitz's (OWW +5.1%) Q1: Gross bookings +6% Y/Y, reversing Q4's 1% drop. Vacation...
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Thursday, May 3, 2012, 11:07 AM ETMore on Orbitz's (OWW +5.1%) Q1: Gross bookings +6% Y/Y, reversing Q4's 1% drop. Vacation package revenue +17% Y/Y and standalone hotel revenue +9%, offsetting a 10% drop in ad sales. Though Q2 revenue guidance is only in-line, 2012 revenue growth guidance of 4%-8%, largely above a 4% consensus. Orbitz's report is the latest in a string of positive ones from online travel firms (I, II). Priceline (PCLN) reports next Wednesday. (PR)
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