Travel site Orbitz has filed with government regulators to offer $125 million of its stock for sale, according to published reports. The company had a net loss of $103 million last year after launching its Web site in June. The loss narrowed to $8.9 million on $32.2 million in revenues. The Chicago-based company is backed by five major U.S. airlines. Orbitz plans to increase its customer base and
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Travel site Orbitz has filed with government regulators to offer $125 million of its stock for sale, according to published reports.
The company had a net loss of $103 million last year after launching its Web site in June. The loss narrowed to $8.9 million on $32.2 million in revenues. The Chicago-based company is backed by five major U.S. airlines.
Orbitz plans to increase its customer base and make its marketing more efficient.
