Tuesday, August 17, 2004

ebookers financials NewsFinder

NewsFinder: "Online travel ebookers%3A Q3 sales in line %28UK%3AEBR%2C EBKR%29 By Emily Church%0D%0ALONDON %28CBS.MW%29 -- Online European travel agency ebookers %28EBKR%29 %28UK%3AEBR%29 said revenue rose 12 percent on a US GAAP basis to 15.8 million pounds. Its margin declined to 11.7 percent on the year against 12 percent in the year-ago quarter. %22The key reason for this is that our air business includes an increasing proportion of revenue derived from performance-related incentive payments from airlines rather than fixed-percentage commission-based revenue%2C%22 it said. Its loss narrowed to 3.8 million pounds from a loss of 14.9 million a year ago. Looking ahead%2C it said%3A %22Following the slow travel market in June%2C in part because of the Euro 2004 football championship%2C third quarter trading from July 1 to date has been encouraging and in line with our expectations.%22 "

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