Why Expedia Belongs on Your Recovery Watchlist
Shares of online travel agency (OTA) Expedia (NASDAQ: EXPE) fell following the company's second-quarter earnings report. It's not hard to see why. The company reported some truly brutal numbers, as travel bookings were down sharply amid the coronavirus. Revenue declined 82%, leading to big-time losses, as Expedia's cost cuts weren't enough to offset what will probably be the worst quarter in the travel industry's history.
Metric
Q2 2019
Source Fool.com
