As most of the world hunkers down in place, $12 billion Trip reckons it may be through the worst of it. First-quarter sales are expected to halve, but boss Jane Sun also sees a rebound at home where the epidemic may be ebbing, writes mak_robyn:
Chinese online travel agent Trip.com on March 18 reported a 10% increase in fourth-quarter revenue, to 8.3 billion yuan , from a year earlier, but expects a decrease of 45%-50% in the first quarter.
Earnings for the three months ending Dec. 31 were 2 billion yuan, compared to a net loss of 1.2 billion yuan over the same span in 2018. Following the results, Trip.com’s Nasdaq-listed shares gained 10.7% to $23.95 in after-hours trading.
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