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The skies have been anything but friendly lately for online travel stocks.
Not long ago, investors had high hopes for the likes of Expedia (EXPE Quote), Travelocity and Orbitz. These Internet upstarts were going to simplify the travel business by drawing traffic from travel agents and reservation phone lines. Profits were going to soar both for the sites and for their airline and hotel industry partners.
But it hasn't worked out that way. Increasing competition from players ranging from Google (GOOG Quote) to the big airlines themselves are slowing growth at outfits like the Travelocity unit of Sabre Holdings (TSG Quote) and Orbitz parent Cendant (CD Quote). ...
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