Note From the EditorTwo of our stories today highlight the uber-competitive nature of the travel industry. Life was basically good in online travel until the third quarter, when lackluster results caused investors to pull back from companies such as Expedia and Priceline. In one story, Expedia CEO Mark Okerstrom acknowledges competitors' improvements, but explains why he's confident some investors are failing to see the big picture.
Meanwhile, Delta, and Air France-KLM are feeling some heat from Norwegian and Wow Air, and have decided to charge bag fees on the cheapest transatlantic routes. One lesson in online travel and for airlines is that large companies have to be nimble because rivals will always try to step on their big, clunky feet. — Dennis Schaal, Executive Editor |
No comments:
Post a Comment