Orbitz Worldwide, Inc. Reports Q4 EPS of $0.76 vs. $(0.05)

Orbitz Worldwide, Inc. OWW today announced results for the fourth quarter and year ended December 31, 2010. The company reported a net loss of $78.0 million or $(0.76) per diluted share for the fourth quarter 2010 compared with a net loss of $18.1 million or $(0.21) per diluted share for the fourth quarter 2009. The net loss for the fourth quarter 2010 was due primarily to non-cash goodwill and intangible asset impairment charges. Adjusted EBITDA was $26.3 million for the fourth quarter 2010, a decrease of 5 percent year over year. Net revenue was $182.4 million for the fourth quarter 2010, an increase of 4 percent year over year on both a reported and constant currency basis.