Expedia Reverses Prior-Year 4Q Loss; Bookings Climb 26% | wsj.com

Expedia Inc. (EXPE) reversed a fourth-quarter prior-year loss caused by a $2.76 billion write-down, while in the latest quarter the online travel agency saw gross bookings jump 26%, though revenue was up by a lesser amount amid lower prices and fees. Still the results beat analysts's estimates. Expedia eliminated its airline booking fees and cut back hotel booking fees last year in an effort to compete more closely with airlines' and...