Orbitz posts higher quarterly profit

Wed Nov 7, 2012 8:27am EST

(Reuters) - Orbitz Worldwide Inc (OWW.N) said Wednesday that profit rose in the third quarter, as growth in hotel and vacation package revenue offset falling air travel revenue and it cut operating expenses.

The online travel agency said quarterly net income came to $14.8 million, or 14 cents a share, compared with $11.2 million, or 11 cents a share, a year earlier.

(Reporting by Karen Jacobs; Editing by Gerald E. McCormick)