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Expedia shares sink as it drops American Airlines
THE shares of online travel agencies Expedia and Orbitz fell yesterday after Expedia dropped American Airlines tickets from its offerings.
Expedia called its weekend action a response to the airline’s new “anti-consumer” and “anti-choice” commercial strategy.
Expedia shares fell 2.7 per cent to $24.41 (£15.76) while Orbitz shares slid 3.2 per cent to $5.41.
Expedia’s action was the latest in a running feud between American and the Internet travel websites.
American had removed its listings and other features from Orbitz last month, saying it needed to cut distribution costs and that the online travel model prevented it from offering the lowest possible fares. The airline said it would continue to negotiate with Orbitz and Expedia.