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CNN Live At Daybreak
US Airways Stops Listing Flights on Expedia
Aired December 09, 2003 - 06:46 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
CAROL COSTELLO, CNN ANCHOR: Time for a little 'Business Buzz' right now. Are you looking for a cheap flight on the Web? Well you may want to skip Expedia.com.
Carrie Lee has the story live from the Nasdaq market site.
Why?
CARRIE LEE, CNN FINANCIAL NEWS CORRESPONDENT: Well the latest tussle between an airline and a travel Web site, Carol, we're talking about US Airways, which is bailing out of the Expedia.com site, this is the Internet's top travel site, starting today. This is the latest dust up between airlines and e-commerce discounters.
What's happening is US Airways yanked its listings from Expedia after the Web site started charging its customers $9 for each booking, that's up from $5, during the holiday season for Thanksgiving. Now that put US Airways at a price disadvantage against other fares on Expedia. All the other airline customers still pay Expedia $5 to book the flight. So US Airways is bailing out.
However, they say negotiations are continuing. And it may be in US Airways best interest to try to work something out. Because even though the company did emerge from bankruptcy last year, the carrier is still struggling. At least they are trying to protect their consumers a bit, though, Carol. That's always a nice thing to know.
Back to you.
COSTELLO: Yes, consumers certainly appreciate that.
A quick look at the futures before you go.
LEE: Things look a little bullish right now so we could continue on yesterday's gains. In fact, the Dow saw a very nice session yesterday, up in the triple digits at the close. The Nasdaq, the S&P 500 gaining some ground as well. A lot of people on Fed watch today. We'll get the Fed's latest decision on interest rates at about 2:15 Eastern.
Also, Texas Instruments a stock to watch. That name last night reported profits and sales that are now expected to top the Wall Street estimates. So raising ratings on both. Stock was up over 1.5 percent last night -- Carol.
COSTELLO: Many thanks. Carrie Lee live from the Nasdaq market site this morning. TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
Aired December 9, 2003 - 06:46 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
CAROL COSTELLO, CNN ANCHOR: Time for a little 'Business Buzz' right now. Are you looking for a cheap flight on the Web? Well you may want to skip Expedia.com.
Carrie Lee has the story live from the Nasdaq market site.
Why?
CARRIE LEE, CNN FINANCIAL NEWS CORRESPONDENT: Well the latest tussle between an airline and a travel Web site, Carol, we're talking about US Airways, which is bailing out of the Expedia.com site, this is the Internet's top travel site, starting today. This is the latest dust up between airlines and e-commerce discounters.
What's happening is US Airways yanked its listings from Expedia after the Web site started charging its customers $9 for each booking, that's up from $5, during the holiday season for Thanksgiving. Now that put US Airways at a price disadvantage against other fares on Expedia. All the other airline customers still pay Expedia $5 to book the flight. So US Airways is bailing out.
However, they say negotiations are continuing. And it may be in US Airways best interest to try to work something out. Because even though the company did emerge from bankruptcy last year, the carrier is still struggling. At least they are trying to protect their consumers a bit, though, Carol. That's always a nice thing to know.
Back to you.
COSTELLO: Yes, consumers certainly appreciate that.
A quick look at the futures before you go.
LEE: Things look a little bullish right now so we could continue on yesterday's gains. In fact, the Dow saw a very nice session yesterday, up in the triple digits at the close. The Nasdaq, the S&P 500 gaining some ground as well. A lot of people on Fed watch today. We'll get the Fed's latest decision on interest rates at about 2:15 Eastern.
Also, Texas Instruments a stock to watch. That name last night reported profits and sales that are now expected to top the Wall Street estimates. So raising ratings on both. Stock was up over 1.5 percent last night -- Carol.
COSTELLO: Many thanks. Carrie Lee live from the Nasdaq market site this morning. TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
