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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?


To: Cube who wrote (21251)3/16/1999 2:48:00 PM
From: ACS_101  Respond to of 122087
 
IFLY

IFLY is more than a neutral travel site like Expedia or Travelocity. They have a major stake in pushing TWA tickets which they get from a consolidator. If TWA has problems, their margins are squeezed accordingly. When they offer "the best deal" the question remains "for who?" My opinion of course....

From IFLY's 10-QSB 11/13/98:

"The Company entered into an agreement with a consolidator that sells tickets on TWA at a discount (the "TWA Discounter") on March 1, 1996. As a result of its override agreements and its agreement with the TWA Discounter, the Company is able to charge its customers a $10 or $20 service charge, depending on the price of the ticket, while still offering low priced tickets. The Company only began to impose this service charge in January 1997.

The Company anticipates that as the volume of tickets sold increases and the proportion of tickets sold which are subject to an override agreement increases, the percentage of the price of the tickets sold retained by the Company will increase."

Alan