Orbitz to go public
Orbitz, the online travel company owned by the five largest U.S. airlines, has filed a registration statement with the U.S. Securities and Exchange Commission for an initial public offering.
Orbitz has not yet stated how many shares it will offer or at what price.
Commenting on the announcement, Jared Blank, analyst at Jupiter Media Metrix, said: “”The IPO gives Orbitz financial wiggle room, should the airlines decide to cut back their financial support. The airlines, most of which will be in the red for 2002, cannot fund an unprofitable Orbitz forever.”
When available, a copy of the preliminary prospectus relating to the offering may be obtained from Goldman Sachs & Co. at 85 Broad Street, New York, NY 10004, (212) 902-1000 or from Credit Suisse First Boston at 11 Madison Avenue, New York, NY 10010, (212) 325-2000.
Below is the ranking of the top 10 travel-transaction sites in the US according to unique visitors, as well as travel revenue forecasts.
Top 10 Travel-Transaction Sites, US, Unique Visitors, April 2002
Traffic to all Travel-Transactions Sites: 36,309,000
1. Expedia Travel 12,054,000
2. Travelocity 8,852,000
3. Trip Network Inc. 8,807,000
4. Orbitz.com 8,347,000
5. Southwest.com 5,916,000
6. Hotwire.com 4,992,000
7. AA.com 4,756,000
8. Priceline.com 4,124,000
9. Yahoo! Travel 3,940,000
10. Delta.com 3,798,000
source: Jupiter Media Metrix
Have your say Cancel reply
Subscribe/Login to Travel Mole Newsletter
Travel Mole Newsletter is a subscriber only travel trade news publication. If you are receiving this message, simply enter your email address to sign in or register if you are not. In order to display the B2B travel content that meets your business needs, we need to know who are and what are your business needs. ITR is free to our subscribers.






























CCS Insight: eSIMs ready to take the travel world by storm
Germany new European Entry/Exit System limited to a single airport on October 12, 2025
Airlines suspend Madagascar services following unrest and army revolt
Qatar Airways offers flexible payment options for European travellers
Air Mauritius reduces frequencies to Europe and Asia for the holiday season