Tribune staff report | Shares in Chicago-based travel Web company Orbitz Worldwide Inc. dropped more than 17 percent in morning trading after the company reported it had swung to a loss in the fourth-quarter.

Orbitz lost losing $18 million, or 21 cents per share compared to a profit of $8 million, or 10 cents per share, in the same period a year ago.

For the year, Orbitz losses deepened 26 percent, dropping to $377 million from a loss of $299 million in 2008. The net
loss in both years was due primarily to non-cash goodwill and intangible asset
impairment charges, the company said.

See the company’s financial statements:  prnewswire.com