lastminute.com
reaches operational profitability in the UK and France
during Quarter 2, one Quarter earlier than previously indicated.

Commenting on the results
Allan Leighton, Chairman, said:
“The early delivery of operational profitability in the UK and France
ensures that lastminute.com is well placed to meet expectations for
the overall Group in the near term.  We are also in a position to
build upon our recent major UK acquisition and lead the consolidation
of the online travel sector in Europe.”

Brent Hoberman, Chief Executive Officer, added:
“The Group continues to demonstrate that lastminute.com`s business
model is working increasingly well, especially in the UK, our most
developed market.  The delivery of dynamic packaging in the Autumn
will provide much greater flexibility and choice to our customers as
well as adding to the overall Group margins.”

 

Related stories on ITN:

(28/03/2002) LastMinuteTravel Doubles Sales

(08/02/2002) lastminute.com Reduces Losses

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