Bottom falling out of Internet holiday companies?

[temi]

The company hopes to see recovery in the European flights market
Online travel firm Ebookers has said cutting 360 jobs helped trim third-quarter losses by 39% to £1.9m ($3.5m).
The group, with brands including Bridge The World and Flightbookers, has websites in 13 European countries.

Ebookers said the cost-cutting moves would help improve its profitability, despite continued investment in new technology and online hotel bookings.

Gross sales from July to September were up 9.6% to £159m, on the back of an 11% rise in turnover to £20.1m.

Before exceptionals and other items, group profits increased by 30% to £1.3m.

source: bbc.co.uk
full story: news.bbc.co.uk/1/hi/business/4012383.stm