<div id="subtitle">Orbitz posts profit,, but 3Q sales drop 22 pct on removal, reduction of fees</div><div><p>Online-travel company Orbitz Worldwide Inc. said Thursday it turned a profit in the third quarter, after charges hurt results a year earlier.</p><p>Separately, the company said it received equity investments totaling $100 million from PAR Investment Partners and Blackstone-controlled Travelport.</p><p>Orbitz said it earned $7 million, or 8 cents per share. That fell shy of the profit of 12 cents per share that analysts on average expected, according to a survey by Thomson Reuters. A year ago, Orbitz reported a loss of $287 million, or $3.44 per share, weighed down by a $297 million impairment charge on intangible assets.</p><p>Revenue fell 22 percent, to $187 million, while analysts expected $202 million.</p><p>Orbitz blamed the revenue drop on the removal of its air-booking fees and a reduction in hotel-booking fees.</p><p>Revenue from air and non-air bookings declined, though the company said the total number of air bookings rose 27 percent.</p><p>Orbitz fell 50 cents, or 9.2 percent, to $4.91 in morning trading. The shares are up 39 percent for the year.</p><img src="http://admatch-syndication.mochila.com/images/ad.gif?aid=62722794&bid=informcom" /></div><div id="copyright"><div>

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