Vic, anytime you want to fly in my Bombardier challenger I want you to be my guest...just give me a 24 hour notice.
It sure beats you making a bid on Priceline.com for an airline ticket.
Btw
Who is Gee L. Lee?
>>WASHINGTON -(Dow Jones)- Priceline.com Inc. (NasdaqNM:PCLN - News) doesn't expect US Airways Group (NYSE:U - News) Inc.'s Chapter 11 protection filing to have a material adverse effect in the near-term on its business, according to a Form 10-Q filed Wednesday with the Securities and Exchange Commission.
The company said, however, that it's unable to assess the long-term impact of the airline's Chapter 11 filing on its business.
US Airways filed for Chapter 11 protection last Sunday.
Priceline.com said its four largest airline suppliers, American Airlines (AMR) , Delta Air Lines Inc. (NYSE:DAL - News) , United Airlines (UAL) and US Airways, accounted for about 86% of its airline ticket revenue in the second quarter ended June 30.
The company didn't provide specific second-quarter airline revenue figures in the filing. On July 31, it reported travel revenue of about $302.8 million for its second quarter.
Priceline.com said in the SEC filing that its business and results of operations would be materially and adversely affected if any of its four largest airline suppliers were unable or unwilling to participate in its system.
Priceline.com, of Norwalk, Conn., provides an e-commerce system that allows consumers to name their price for a variety of products and services.
-By Gee L. Lee, Dow Jones Newswires; 202-628-7681 |
