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The Middle East conflict and higher airfares continue to make their mark industrywide.
Booking Holdings recorded a $900 million revenue reduction and a $100 million loss in the third quarter related to a potential FTC complaint against Booking's Priceline brand.
"Priceline is in discussions with the FTC to seek to resolve a potential complaint from the FTC," Booking said in a statement. "Although a settlement has not been reached, for accounting purposes we recorded a reduction in revenue of $900 million and accrued a loss of $100 million."
In a quarterly filing Tuesday, Booking Holdings said that the FTC may seek restitution and penalties that exceed $1 billion, as well as liti
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Tags: booking holdings , earnings , ftc , online travel newsletter , priceline