FLYR 5s- CTIX sympathy
Cheaptickets.com IPO CTIX is expected to open sometime late this AM-it priced last night at 15, above its expected range-usually a sign of strong demand. The
company sells airline tickets through retail outlets, by phone, and through its Web sitehttp://www.ipocentral.com/ipo-bin/backtoipo.cgi?http://www.cheaptickets.com.
Cheap Tickets makes most of its sales (nearly 60%) by buying non-published air fares through its contracts with more than 25 airline carriers. It then sells them at a
discount to the flying public. The company covers domestic and international air routes and offers about 375,000 non-published fares. It also sells published fares and
has contracts with cruise lines and auto rental companies to provide similar services according to IPO Central. ipocentral.com
A couple other internet travel ticketers that may benefit from CTIX's expected rise are 800 Travel Systems IFLY IFLYW, trading 7s and Navigant FLYR trading
5s.
FLYR Navigant is one of the five largest providers of corporate travel management services in the United States based on airline ticket sales. The Company currently
has approximately 438 regional travel offices and on-site customer travel operations, including offices in 18 of the 25 largest U.S. business travel markets.
biz.yahoo.com .
The company owns 15 travel ticketing web sites- "Edward Adams, Chief Executive Officer of Navigant. ''As a group, we currently have 15 sites. Each of these sites
has been developed to maximize service to our clients. Several allow existing clients to book travel on the Internet; others allow anyone with access to the Internet to
make travel reservations. For example, TravelCorp, at www.travelcorp.com , McGregor Travel, at www.mcgregor.com , and Arrington Travel Center, at
www.arringtonusa.com , all allow anyone to make airline, hotel or car reservations on line. Users can also log on to the Bowers Worldwide Travel Management site
at www.bowerstravel.com to book cruises and other leisure tour packages.
''We plan on using the expertise and experience of our companies in developing and implementing our central site, www.navigant.com . This integrated site should
incorporate the best features of our current sites. We also plan that the site will incorporate our proprietary products, such as AQUA's quality control and fare search
programs, to allow on-line travelers to receive the same high quality, low fare service we provide our corporate clients. The site is in development and we plan to
have it up and online by the end of the first calendar quarter of 1999.'' biz.yahoo.com
FLYR's integrated site is up -but has yet to be officially launched - FLYR IR says to expect it at the end of March. FLYR trading 5s
|
