Booking Holdings (formerly Priceline) Message Board

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Technology Stocks : Booking Holdings (formerly Priceline)

BKNG 4,913

+0.2%

Nov 26 3:59 PM EST

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To: Gerald Walls who wrote (2345)	3/20/2000 8:14:00 PM
From: Islander	Read Replies (1) of 2743

If Priceline reports their gross sale of airline tickets as revenue, then it is not in line with the ticketing practices of Travel Agencies that report to IATA (international Air Transport Authority). The Briefing.com report is correct, the standard practice of reporting to IATA is commission based upon tickets issued by IATA to qualified agents. ie. Revenue is ticket price to consumer minus ticket cost to IATA. If bulk tickets are bought at discounts from wholesale agencies or tour operators, revenue should still be calculated as the difference in cost to sales, as this is the industry standard. For PCLN to state revenue as the cost of tickets sold plus mark-up is BS accounting for which they will be inevitably be forced to address....MSTR revisited. Don't be a bag holder. Going short this one.

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