| Business Summary | | Cheap
Tickets
Inc.
is
a
retail
seller
of
discount
tickets
for
domestic
leisure
travel.
Offering
more
than
one
million
non-published
airfares
on
more
than
40
major
airlines,
Cheap
Tickets
sells
directly
to
consumers
through
its
Internet
site,
located
at
www.cheaptickets.com,
through
its
toll-free
number,
1-800-OKCHEAP
and
at
its
10
retail
stores.
Cheap
Tickets
has
contractual
relationships
to
sell
cruises
on
Carnival
Cruises
and
Princess
Cruises
and
also
has
contractual
relationships
with
major
auto
rental
companies
to
provide
reservations.
In
August
2001,
the
Company
announced
that
it
will
close
its
travel
store
network
to
shift
resources
to
its
call
center
and
Internet
channels. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | CTIX
provides
various
travel
services,
including
airline
tickets,
cruise
tickets,
auto
rentals
and
hotel
reservations,
available
through
call
centers
and
the
Company's
Website
at
www.cheaptickets.com.
For
the
six
months
ended
6/01,
revenues
rose
5%
to
$53.4
million.
Net
income
fell
67%
to
$2.4
million.
Revenues
reflect
an
increase
in
commissions
on
increased
sales
of
published
fares.
Earnings
were
offset
by
an
increase
in
advertising
and
technology
related
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Michael Hartley, 51 Chairman | $496K | Sam Galeotos, 42 Pres,
CEO, Director | 591K | Samuel Horgan, 52 CFO | -- | Tammy Ishibashi, 34 Exec.
VP of Ticket Distribution | 150K | R. Evans Gebhardt, 38 VP
of Marketing | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|