NEW YORK (TheStreet) -- Shares of Orbitz Worldwide Inc. (OWW) are down -0.50% to $8 in pre-market trade after American Airlines (AAL) said it withdrew its flights from their consumer websites, echoing a similar dispute between the airline and the online travel agency about three years ago, the Wall Street Journal reports.
Travel sites like Orbitz, larger rivals including Expedia (EXPE) and third-party ticket distributors are in continuing negotiations with airlines over booking fees, the Journal said.
TheStreet Ratings team rates ORBITZ WORLDWIDE INC as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:
"We rate ORBITZ WORLDWIDE INC (OWW) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and compelling growth in net income. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet."
Highlights from the analysis by TheStreet Ratings Team goes as follows: