Cheapfares Into Profit

20th Apr 2001

After 11 months of operation, Aden Enterprises subsidiary, has reported a profit of $40,000 (EUR44,431) for the calendar quarter ending March 31st, 2001.`s revenues are earned from commissions paid by travel providers and fees paid by customers.
Total gross bookings in the first three months of this year came in at $3.4 million (EUR3.77 million), which was significantly ahead of budgeted sales for that time period. Unique visitors to in this quarter exceed 1/2 million.
In mid February implemented a significant upgrade to its site resulting in`s customers now only seeing fares for available seats when they request fares on This enhancement, among others, has resulted in`s conversion rate (the number of customers who actually book vs. customers who only look) growing by as much as 20%.
Mr Steve Robinson, president said that in the 2nd quarter of 2001 the company will be rolling out five new travel sites under the names of,,, and”



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