As online travel companies held their earnings calls this quarter, it became clear that the financial toll from the COVID-19 coronavirus would be staggering.
We won't know the full extent of the financial damage until the next round of earnings, but based on recent sentiment, the losses could be astronomical.
These recent earnings results, which were based on the fourth quarter of 2019, might be the most positive earnings we'll see for the foreseeable future:
- Uber vows profitability by the end of 2020 as revenue grows, losses mount
- TUI alters forecast for 2020, 737 MAX grounding bites but digital investment continues
- MakeMyTrip separates roles of CEO and exec chairman, coronavirus cancellations begin
- Lyft achieves first billion-dollar revenue quarter, keeps 2021 profitability target date in place
- Revenue drops for Trivago as challenges from Google, Coronavirus escalate
- Tripadvisor ends 2019 with revenue fall, remains optimistic about 2020
- Barry Diller cites “dumb things” and “mistakes” as Expedia still ends 2019 on financial high
- Sabre to invest $150M in technology as operating income drops 35% for full-year 2019
- Booking Holdings reports positive 2019, braces for coronavirus impact
- Flight Centre draws from SARS experience to plan for coronavirus impact
- eDreams Odigeo anticipates financial disruption from coronavirus slowdown
- Travelzoo posts declining operating profit in Q4, pins hope on acquisition of Jack’s Flight Club
- Hostelworld suffers 9% EBITDA decline in 2019, expects loss due to coronavirus
- Despite "volatile macro environment," Despegar finishes 2019 strong with 10% revenue increase
- Trip.com Group anticipates revenue impact from coronavirus, hopes for quick domestic travel recovery
- Lastminute.com Group expects bookings to return in May, predicts offline competitors will fail
We've also updated PhocusWire's visual history of online travel company revenues to include the most recent quarter. The data in the animated chart is in United States dollars and in millions.