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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Stars Group Inc | NASDAQ:TSG | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 27.31 | 27.40 | 27.50 | 0 | 01:00:00 |
("Travelport, American Air To Extend Content Agreements," at 4:40 p.m. EDT, erroneously described the status of the programs' terms in the third paragraph. A corrected version follows.)
DOW JONES NEWSWIRES
Travelport LP and American Airlines agreed to extend agreements involving terms of the travel-services group's ticket distribution for AMR Corp.'s (AMR) airline, suggesting the spat with the parent of American may be nearing a resolution.
The content agreements between the airline and Travelport's global distribution systems--Apollo, Galileo and Worldspan--have been extended concurrently and are no longer due to expire in 2011.
Terms of Travelport's opt-in programs for American remain unchanged. Travelport said no further details will be disclosed at this time, and an American representative wasn't immediately available to comment on the agreement.
Broadly, airlines have sought changes in the way that global distribution systems operate, pushing for more flexibility to sell tickets and other products through their own websites. American has been at the forefront of that effort, filing a suit against Travelport in April and against another GDS operator, Sabre Holdings Corp., in early June.
Shares of AMR closed up 3.9% to $4.24 and were inactive in after-hours trading.
-By John Kell, Dow Jones Newswires; 212-416-2480; john.kell@dowjones.com
--Doug Cameron contributed to this article.
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