Feeds

Losses expected to fall at ebookers

Still making job cuts though

  • alert
  • submit to reddit

3 Big data security analytics techniques

Pan-European online travel agency ebookers.com has said it expects to report narrowing losses when it publishes Q3 results at the end of the month.

Despite the massive hit it has taken as sales shrink in the wake of the 11 September terror attacks in the US, ebookers said that the results for the period between July and September will represent a "significant advance towards achieving
positive cash flow".

Indeed, the company said that Q3 results are expected to be the "best since 1999 flotation, despite the US incident".

Notwithstanding this progress, ebookers has said it is looking to cut costs to ensure that the operation can still function during this difficult time for the travel industry.

In a statement, CEO Dinesh Dhamija said: "There are strong indications within our business that consumer interest is gradually returning towards normal levels.

"However, we are taking decisive measures to ensure that we have the cost structure suitable for slower growth of demand and yet the flexibility to take advantage of both the complete return of demand and other market opportunities that this environment presents."

On Monday El Reg reported that as many as 120 jobs could be axed at ebookers as it seeks to streamline its operation.

By mid-morning shares in ebookers has leapt ten pence (13 per cent) to 85 pence. ®

Related Story

ebookers to cut jobs

Combat fraud and increase customer satisfaction

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
Number crunching suggests Yahoo! US is worth less than nothing
China and Japan holdings worth more than entire company
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.