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SAN FRANCISCO Shares of Orbitz Worldwide Inc. fell more than 7% to $ 2.40 on Wednesday morning after the online travel site reported a sharp jump in third-quarter earnings but issued a disappointing revenue forecast for the current period. Before the opening bell, Orbitz reported a 32% jump in net income for the period, despite a decline in gross bookings stemming from the weaker economy. But the company projected a revenue range of $ 183 million to $ 189 million for the fourth quarter; analysts were expecting revenue of $ 191 million for the period, according to consensus estimates from [...]

The DOT claims Orbitz failed to “clearly and prominently” inform travelers about potential baggage fees.The DOT fines Orbitz for failing to properly disclose baggage fees on its websiteCustomers had to scroll to the bottom of the page to find baggage fees, the DOT says Orbitz says it has corrected its site “to be consistent with DOT’s preference”"We are not aware of any consumer confusion, complaints or deception,” Orbitz saysWashington — Online travel company Orbitz was fined $ 50,000 Monday by the Department of Transportation for failing to properly disclose baggage fees on its website.In announcing the fine, the DOT said [...]