Feeds

Losses expected to fall at ebookers

Still making job cuts though

  • alert
  • submit to reddit

5 things you didn’t know about cloud backup

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

5 things you didn’t know about cloud backup

More from The Register

next story
BBC: We're going to slip CODING into kids' TV
Pureed-carrot-in-ice cream C++ surprise
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
Twitter: La la la, we have not heard of any NUDE JLaw, Upton SELFIES
If there are any on our site it is not our fault as we are not a PUBLISHER
Facebook, Google and Instagram 'worse than drugs' says Miley Cyrus
Italian boffins agree with popette's theory that haters are the real wrecking balls
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
Facebook to let stalkers unearth buried posts with mobe search
Prepare to HAUNT your pal's back catalogue
Ex-IBM CEO John Akers dies at 79
An era disrupted by the advent of the PC
prev story

Whitepapers

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.
Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?