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Orbitz: Companies
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Orbitz was disliked during its short stay on the market; the beverage proved to be significantly less popular than the company anticipated. There were few above average reviews of the liquid itself.
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Orbitz filed its lawsuit against Worldspan in the Circuit Court of Cook County, Illinois, on Sept. 16, charging the GDS company with violating the Illinois Consumer Fraud Act. Worldspan responded by filing a lawsuit in the U.S. District Court, Northern District of Illinois, Eastern Division, on Sept. 19, charging Orbitz with violating the Federal Computer Fraud and Abuse Act. Both parties are seeking $50 million in damages.
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Orbitz began charging a $5 per ticket fee in December 2001. The company reported $43.4 million in operating revenue for the year. Orbitz's estimated $2.5 billion in bookings in 2002 more than tripled the previous year's result. The company lost $17.9 million for the year on revenues of $175.5 million.
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In April 2007, Orbitz launched http://eco.orbitz.com, a microsite that enables its customers to book more environmentally friendly travel. The company ... formed a partnership with Carbonfund.org (www.carbonfund.org), enabling customers to offset their carbon dioxide footprint related to their travels. Now customers can easily rent a hybrid vehicle by visiting http://hybrids.orbitz.com or http://hybrids.cheaptickets.com.
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This week, Orbitz may have found a way around that. The Chicago-based online travel company announced a service that lets users help each other. The Traveler Update system collects and posts user-generated tips on a range of topics, including security lines and the best places to get a snack, at more than 40 major
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Orbitz [S]lides on the first day of trading - earning its ticker symbol of “OWW” and contract driller Rowan Companies jumps to a 52-week high. Check out how the guys are trading these headlines in the Web.Extra.
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