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Orbitz drops; American Airlines pulling listings

Aug. 26, 2014 12:32 PM ETOrbitz Worldwide, Inc. (OWW) StockOWWBy: Eric Jhonsa, SA News Editor1 Comment
  • American Airlines is pulling its fares from Orbitz's (OWW -4.2%) site, and merger partner U.S. Airways will reportedly do the same.
  • Orbitz has slumped on the news. The company's standalone air revenue rose 5% Y/Y in Q2 to $71M, and accounted for 29% of total revenue. Priceline and Expedia have both been delivering faster air ticket growth.

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