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Orbitz Profit Soars on Revenue Surge |
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Internet Travel Agency Orbitz Profit Soars, Helped by 20 Percent Surge in Revenue |
Orbitz Inc., the Internet travel agency that is being bought by Cendant Corp., Wednesday posted a 30 percent jump in third-quarter profit, aided by a surge in hotel business.
Chicago-based Orbitz said net income rose to $5.1 million, or 12 cents a share, from $3.9 million, or 10 cents a share, a year ago.
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