Orbitz narrows loss on strength of Europe operations

By Johanna Jainchill
Orbitz Worldwide narrowed its first-quarter loss to $6.5 million, citing strength from European hotel bookings. The company lost $10.9 million during the same period in 2011.

The online travel seller said revenue rose 3% during this year's first quarter, to $189.8 million.

Room nights grew 5%, Orbitz said, driven by acceleration within both the U.S. consumer business and a 33% increase at its European online agency, eBookers.

Hotel net revenue increased 9% during the quarter to $49.5 million, driven primarily by strength in hotel volume at both the company's
domestic leisure business and eBookers.

The company's net revenue from air was $72.2 million during the quarter, relatively flat year compared to last year. Orbitz said lower ticket volume was largely offset by higher net revenue per airline ticket.

Its eBookers brand reported that higher air volume was offset by lower net revenue per airline ticket.

Orbitz said vacation package net revenue had increased 17% in the first quarter to $30.3 million.

Follow Johanna Jainchill on Twitter @jjainchilltw. 
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