Expedia Posts Huge Loss For Fourth Quarter
Expedia posted a loss of $2.6 billion in the fourth quarter of 2008. The company took a writedown of the accounting value of their goodwill, largely due to significant stock market declines. Expedia's revenue was down 6.7% for the quarter while gross sales were down 11%.
Looks like YTB et all are killing Expedia ! Or could we surmise that YTB et alls sales are significantly down as well?
Mine aren't.
|