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Gavin Baiera

Orbitz Worldwide & Travelport: Ups & Downs

2011-10-21 by Phil Butler

Orbitz and Travelport, playing the shell game.

Travelport and Orbitz are in the positive and negative news again today. Travelport for any number of announcements of business dealings, and Orbitz for a very negative S & P rating they just received. Since it was announced that Travelport needed to restructure its dept, it seems as if neither of these online travel giants can catch a break.

Tags: Blackstone, Blackstone's Stephen A. Schwarzman, Bookings, CNET, credit rating, Evercore, flights, Gavin Baiera, Hilton, hotels, Howard Marks, Institutional Investor, market, Oaktree Capital, OTA's, Reuters, S & P, Standard & Poor's, Stephen Schwarzman, stock market, Wall Street




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