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Cheapfares.com Reaps Profitable Quarter

Cheapfares.com Reaps Profitable Quarter

Posted on April 18, 2001 by Chief Marketer Staff

Cheapfares.com, Omaha, NE, has achieved a profit of $40,000 for the calendar quarter ended March 31, 2001.

Total bookings in the first three months of the year totaled $3.4 million, ahead of budgeted sales for that time period. More than half a million unique visitors came to the site during the quarter.

Cheapfares.com, which earns revenues from commissions paid by travel providers and fees paid by customers, was not expected to reach profitability until the second quarter of 2001.

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