Feeds

Ebookers ups revs, narrows losses

'Encouraging' signs

  • alert
  • submit to reddit

Designing a Defense for Mobile Applications

Ebookers reckons that the prospects for the online travel market look "encouraging", following the slow travel market in June caused, in part, because of holidaymakers staying at home and watching the Euro 2004 football championships.

Trading so far in Q3 has improved and is now "in line with our expectations", the company said. It remains upbeat after the long-haul sector also showed signs of continued recoverey.

Revenues hit £17.3m in Q2 compared to £14.9m a year ago while pre-tax loss improved slightly from £6.9m to £6.4m over the same period.

With prospects for future sales looking good, ebookers hopes to cash in on the restructuring from earlier this year as it continues to pull the plug on less profitable parts of its business. This year the company has sold or shut nine shops in the UK and the Netherlands and announced the loss of 270 jobs.

Ebookers also continues to invest in technology as part of its bid to increase efficiency and productivity.

Said chief exec Dinesh Dhamija: "Ebookers is delivering high levels of growth in our core online business and transferring its focus away from less profitable offline channels. At the same time we are increasing investment in online technologies, particularly higher margin non-air products such as hotels, cars and insurance. This investment is creating a strengthened platform for longer term growth."

At lunch, ebookers was up 10p (eight per cent) at 132.5p.

Related stories

Ebookers sales up but jobs down
Axe falls on Ebookers jobs
Ebookers chief defends offshoring
ebookers looks to India for cost savings
Lastminute.com axes 350 jobs

The smart choice: opportunity from uncertainty

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Airbus promises Wi-Fi – yay – and 3D movies (meh) in new A330
If the person in front reclines their seat, this could get interesting
UK Parliament rubber-stamps EMERGENCY data grab 'n' keep bill
Just 49 MPs oppose Drip's rushed timetable
Samsung threatens to cut ties with supplier over child labour allegations
Vows to uphold 'zero tolerance' policy on underage workers
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
US freemium mobile network eyes up Europe
FreedomPop touts 'free' calls, texts and data
prev story

Whitepapers

Reducing security risks from open source software
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.
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.
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.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.