(Bloomberg) — Expedia Group Inc.’s whopping 82% decline in revenue in the second quarter has laid bare the total devastation the coronavirus has wreaked on the travel sector. Shares dipped as much as 4.8% in post-market trading.The Seattle-based online travel giant reported total gross bookings of $2.71 billion for the three-month period to June 30, a decline of 90% from the same period a year earlier. Revenue fell to $566 million — the lowest it’s been in about a decade — and missed Wall Street’s already reduced expectations of $680 million for the quarter. The adjusted loss before interest, taxes, …read more
Source:: Yahoo Finance
