Updated from 5:51 p.m. ET to add comments from American Airlines, latest share prices.NEW YORK ( TheStreet) -- Shares of Orbitz Worldwide (OWW) soared in late trades on Wednesday after a state court reportedly ordered AMR Corp.'s (AMR) American Airlines to return its flight and fare information to Orbitz's Web site.
Orbitz shares were last quoted at $3.20, up 45%, on volume of nearly 250,000, according to Nasdaq.com. Based on a regular session close at $2.21, the stock was down nearly 60% so far in 2011. In a statement emailed to TheStreet, an Orbitz spokesperson confirmed the court's decision, and called the decision "a win for transparency, consumer choice and for all of our mutual customers." "Effective immediately, American Airlines full schedule of flights are ordered by the court to be made available on both Orbitz.com and Orbitz for Business," said Brian Hoyt, vice president, communications & government affairs, at Orbitz, adding later: "Orbitz continues to believe that it is in the best interests of both companies to work towards a long term agreement to continue distribution of American Airlines content to our millions of mutual customers." In its own statement on the decision, American Airlines said it "fundamentally" disagrees with the court's order. "We want to underscore that this is the exact opposite conclusion than that of the judge who heard the evidence," the company said. "We are evaluating our options, but in the meantime, we will, of course, comply with the judge's order."