Key Developments: Orbitz Worldwide Inc (OWW.N)

OWW.N on New York Stock Exchange

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28 Aug 2015
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Latest Key Developments (Source: Significant Developments)

Orbitz Worldwide board elects Scott Forbes as chairman
Monday, 14 Apr 2014 09:00am EDT 

Orbitz Worldwide:Appointed Scott Forbes as non-executive chairman, effective immediately.Says Scott Forbes replaces Jeff Clarke, who has resigned from the board after seven years as chairman.  Full Article

Orbitz Worldwide Inc acquires Travelocity Partner Network Assets
Friday, 28 Feb 2014 10:40am EST 

Orbitz Worldwide Inc:Acquired certain assets and contracts of the Travelocity Partner Network which provides private label travel technology solutions for bank loyalty programs and online commerce sites.Operations of the Travelocity Partner Network will be integrated into the Orbitz Partner Network.  Full Article

Orbitz Worldwide Inc gives Q1, FY 2014 guidance in line with analysts' estimates - Conference call
Thursday, 13 Feb 2014 10:00am EST 

Orbitz Worldwide Inc:Expects Q1 2014 net revenue between $202 million and $207 million.Expects Q1 2014 adjusted EBITDA between $22 million and $25 million.Expects FY 2014, net revenue growth in the low- to mid-single digits, and adjusted EBITDA growth in the high-single digit.Reported revenue of $847.00 million and EBITDA of $143.57 million in FY 2013.Q1 2014 revenue of $207 million and EBITDA of $24 million - Thomson Reuters I/B/E/S.FY 2014 revenue of $877.01 million and EBITDA of $153.74 million - Thomson Reuters I/B/E/S.  Full Article

Orbitz Worldwide Inc signs global distribution agreements
Monday, 10 Feb 2014 09:02am EST 

Orbitz Worldwide Inc:Enters into new multi-year global distribution agreements with Amadeus, Sabre and Travelport for the provision of technology and travel management solutions.Says at the time of its initial public offering in 2007, Orbitz Worldwide entered into a subscriber services agreement with Travelport that included certain exclusivity provisions for its global distribution services. From Jan. 1, 2015.  Full Article

Jetset Travelworld Ltd And Orbitz Worldwide Inc Announce Strategic Alliance
Thursday, 14 Nov 2013 07:22pm EST 

Jetset Travelworld Ltd and Orbitz Worldwide Inc announced the signing of a ten-year Strategic Alliance Agreement, which provides the Jetset Travelworld Group (JTG) with access to Orbitz Worldwide’s global technology platform to power its new online offering, helloworld.com.au.  Full Article

Orbitz Worldwide Inc Lowers FY 2013 Revenue Guidance; Raises Low End Of Prior FY 2013 EBITDA Guidance - Conference Call
Tuesday, 5 Nov 2013 03:00pm EST 

Orbitz Worldwide Inc announced that for fiscal 2013, it expects net revenue of approximately $840 million which is at the low end of August guidance and adjusted EBITDA to deliver growth of between 9% and 10% which is towards the top end of August guidance. The Company reported EBITDA of $116.29 million in fiscal 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report revenues of $847 million for fiscal 2013.  Full Article

UPDATE 1-Expedia beats Wall Street view, shares rise

July 30 - Expedia Inc on Thursday posted a second-quarter profit above analysts' expectations and announced a larger dividend as travel bookings grow, sending its shares up more than 7 percent in after-market trade.

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