Despite this, there are some firms – like most (but not all) travel companies – that are still exhibiting strong pricing power.
Net income rose to $166 million, or 58 cents per share, from $67 million, or 27 cents per share, a year ago.
Excluding items, Goodyear earned 46 cents per share, while analysts surveyed by Refinitiv had predicted a profit of 36 cents per share.
Expedia – like all travel companies – is reaping the benefits of pent-up vacation demand.
In the first quarter, rates were only up 4% year over year, too.