Feeds

Lastminute.com soothes fears over US attacks

Predicts buoyant Q4

  • alert
  • submit to reddit

Maximizing your infrastructure through virtualization

Online bucket shop Lastminute.com, has moved to reassure investors in the wake of the terror attacks in the US earlier this month.

In a statement issued to the Stock Exchange it said that in the last 14 days 382 bookings (0.2 per cent of the company's travel-related bookings over the last six months) have been cancelled.

The company said that while there would "undoubtedly be repercussions from that activity for some weeks to come" it insisted it would deliver at least £45 million of total transaction value during Q4, which ends on September 30.

Said CEO, Brent Hoberman: "This represents growth of over 50 per cent quarter on quarter and over 240 per cent year on year and our other operating metrics are in line with analysts expectations."

Hoberman also said that Lastminute.com's exposure to the US market was "very low" - flights to the US account for around one in 20 bookings.

Last week, UK-based online travel agent ebookers said it had seen 650 cancellations - most to the US - in the wake of events in the US.

Elsewhere, online sales are getting back to pre-September 11 levels, according to shopping comparison outfit BizRate.com, by way of Reuters.

It said online sales slumped by almost 40 per cent on the day of attacks in New York and Washington DC. However, by September 17, sales had recovered to $82.5 million a day - just $10 million short of daily ecommerce sales levels before the attacks. ®

Related Story

Online travel industry reeling from US attacks

Top three mobile application threats

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Nadella: Apps must run on ALL WINDOWS – PCs, slabs and mobes
Phone egg, meet desktop chicken - your mother
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
Microsoft: We're making ONE TRUE WINDOWS to rule us all
Enterprise, Windows still power firm's shaky money-maker
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.