Apr 30th, 2009 - Reuters
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CHICAGO (Reuters) - Expedia Inc (EXPE.O) posted a better-than-expected profit, sending shares up 20 percent on hopes that the worst may be behind the battered travel industry.
Although the online travel agency beat Wall Street's expectations, its profit still fell 23 percent and the total value of the company's bookings dropped 11 percent decline.
But they also reflect the beginnings of stabilization for an industry battered by economic recession and weakened travel demand, one analyst said.
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US Officials Say It's Safe to Travel in Effort to Correct Biden's ...
Apr 30th, 2009 - Wall Street Journal
WASHINGTON -- Several U.S. government officials said Thursday it was safe to fly and use other public transportation as part of an effort tamp down comments by Vice President Joe Biden about air travel.
Trade group says air travel demand still falling
Apr 28th, 2009 - Forbes
The International Air Transport Association said Tuesday passenger demand in March plunged 11.1 percent from a year earlier, as the slowing global economy continued to quell consumers' appetite for air travel.
Taiwan Shares End Lower On Swine Flu Concerns, Profit-Taking
Apr 27th, 2009 - Wall Street Journal
TAIPEI (Dow Jones)--Concerns that the spread of swine flu would hit travel demand and weigh on the Taiwan economy sent local shares to their lowest close in two weeks Monday.
Asian Bank Stocks Gain; Airlines Decline on Swine Flu Concern
Apr 26th, 2009 - Bloomberg
April 27 (Bloomberg) -- Asian bank stocks climbed onoptimism the global credit crisis is easing, countering declinesby airlines and food companies as an outbreak of swine fluthreatened to hurt earnings. Mitsubishi UFJ Financial Group Ltd....
Summer movie preview
Apr 26th, 2009 - Boston
Seth Rogen isn't all that's getting smaller in Hollywood. The summer movie season has lost some weight, too. There are fewer movies in 2009 than a year ago - 16 percent fewer...
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