To: Cleo who wrote (386 ) 1/10/1999 8:29:00 AM From: Maryann M Respond to of 725
This a good company. I bought into FLYR at 8, and I thought it was way undervalued in light of the fundamentals, and their internet plans for a consolidated site -- which will enhance their already successful corporate management business, as well as attract the individual traveler. Not happy that the price went down this past week, but I view FLYR as a mid to longer term hold. Found the article below on a news wire. I believe FLYR will get the right kind of press in due time (not hype news), plus I think institutional buying will help the price in the not too distant future. M --------------------- More Than Six Million Americans Use Internet for Travel Plans LOS ANGELES (Jan. 9) XINHUA - A total of 6.7 million American adults have used the Internet for an online service to make travel reservations in the past year, according to a new report released on Saturday. In other words, said the Travel Industry Association of America in its national travel survey, nine percent of current Internet users in the country have done that. Travel reservations include the actual booking and paying for an airline ticket, hotel room, rental car or package tour. The report, based on a telephone survey of 1,200 U.S. adults, also said that use of the Internet has grown dramatically in the past two years. The number of travelers who used the Internet for travel-related and other purposes jumped from 29 million in 1996 to 70 million in 1998. In addition, one-half of all online travelers consulted the Internet to get information on destinations or to check prices and schedules. "Americans who enjoy travel seem to love the flexibility and convenience of the Internet," the association said. "The Internet is open 24 hours a day and it is right in our homes. It is fast, interactive and global." If the recent increase in traveler usage is any indication, the association added, the Internet and online services are "the travel planning medium of the future." Among the new travel technologies listed in the survey, travelers mentioned their awareness of satellite navigation systems in cars used to give directions and maps, electronic airline tickets, and computer kiosks at airports or hotels. Electronic passports ranked the lowest in awareness and use, according to the association. Enditem 10/01/99 09:01 GMT Sun Jan 10 07:52:22