The Expedia app is seen on a smartphone in this illustration taken Feb 27, 2022. Shares of Expedia plunged 13 per cent in premarket trading on Friday after the online travel firm said it expects 2024 revenue growth rates to moderate, as air fares soften from their post-pandemic highs.
On Thursday, Expedia warned that air travel revenue was under pressure due to a fall in average ticket prices. "Overall, we see an 'acceleration story' that is decelerating with a CEO transition now in play; near-term setup looks challenging," Wells Fargo analysts wrote in a note.
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