Chicago, IL - June 3, 2004 - Online travel company Orbitz, Inc. (Nasdaq: ORBZ) today announced it has named seasoned travel industry executive Steve Tracas, 47, as president of Orbitz for Business™, the company's full service travel management program.
In this position, Tracas will be responsible for overseeing all aspects of Orbitz for Business including strategy, business development, technology and marketing, ensuring the continued growth of the company in the corporate travel segment. Tracas will report to Jeff Katz, Orbitz president and chief executive officer.
"We are delighted to bring on an industry veteran of Steve's caliber to lead Orbitz for Business," said Katz. "His many years of distribution and corporate sales experience will bring the leadership and expertise needed to continue building a trusted brand and superior program within the corporate travel industry."
Prior to joining Orbitz, Tracas served as vice president of Sales and Marketing for US Airways where he led the team that developed usairways.com, was responsible for all corporate and agency sales, Global Distribution System (GDS) distribution, electronic commerce, and Global Cargo Sales and Operations. Tracas also held a number of management positions during his 19-year career with AMR Corp including positions with American Airlines and Sabre Group. Tracas served as managing director for Sabre Group, where he was responsible for GDS sales within the Western United States and the national account program.
"Orbitz is breaking new ground every day in the corporate travel industry. Leading the Orbitz for Business team is an exciting opportunity to take corporate travel to the next level and establish Orbitz as the preferred business travel management company," Tracas said.
Tracas holds a Bachelor of Science degree in Aeronautical Technology from Arizona State University in Tempe.
Rick Weber, vice president of Business Travel Service, will assume the newly created position of vice president of International Planning and Development, reporting directly to Katz.
Orbitz for Business is a leading full-service travel management program designed to supply its clients with the combination of up to 20 percent savings on travel spending, quality customer service and advanced policy tools. Orbitz for Business was the first travel management program launched by an online agency (September 2002).
For additional information on Orbitz for Business, visit www.orbitz.com/business.
Orbitz, Inc. became a publicly traded company on Dec. 17, 2003, when its shares were listed on NASDAQ under the ticker symbol ORBZ. Orbitz is a leading online travel company that enables travelers to search for and purchase a broad array of travel products, including airline tickets, lodging, rental cars, cruises and vacation packages. Since launching its website in June 2001, Orbitz has become the third largest online travel site based on gross travel bookings. On Orbitz, consumers can search more than 455 airlines, as well as rates at over 45,000 lodging properties and at 23 car rental companies. For more information, visit www.orbitz.com.