Expedia Inc. booked $1.47 billion in travel services during third-quarter 2002, more than twice what it generated in third-quarter 2001. Revenue from its activities was $166 million, up from $79,478 million a year ago. The online travel company reported $20.1 million in net income, a turnaround from the $4.8 million net loss it had a year ago. In remarks accompanying the results, Richard N. Barton,
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Expedia Inc. booked $1.47 billion in travel services during third-quarter 2002, more than twice what it generated in third-quarter 2001. Revenue from its activities was $166 million, up from $79,478 million a year ago.
The online travel company reported $20.1 million in net income, a turnaround from the $4.8 million net loss it had a year ago.
In remarks accompanying the results, Richard N. Barton, president and CEO of the Bellevue, WA-based firm cited a tripling in the company’s non-US business as well as its merchant business, which includes package deals, as reasons for its growth.
