Adds gross bookings, particulars from the discharge Nov 4 (
Adds gross bookings, particulars from the discharge
Nov 4 (Reuters) – On-line journey company Expedia Inc EXPE.O posted a 3rd straight quarterly loss on Wednesday, harm by a hunch in bookings because of the COVID-19 pandemic.
Whereas demand had picked up after government-mandated restrictions eased, a resurgence in COVID-19 circumstances throughout Europe and the USA has as soon as once more forged a shadow on the prospects of an already battered journey business.
Expedia’s third-quarter gross bookings fell 68% to $8.63 billion, and income fell 58% to $1.50 billion.
Excluding gadgets, the corporate posted a lack of 22 cents per share.
Internet loss attributable to the corporate stood at $221 million, or $1.56 per share, within the third quarter ended Sept. 30, in contrast with a revenue of $409 million, or $2.71 per share, a 12 months earlier.
(Reporting by Shreyasee Raj in Bengaluru; Modifying by Vinay Dwivedi)
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