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(Compares with estimates; adds details from results)
Feb 11 (Reuters) - Online travel agency Expedia Group Incposted a bigger-than-expected quarterly loss onThursday as bookings slumped following a global resurgence inCOVID-19 infections and renewed lockdowns.
U.S. travel and hospitality industries, among the worst hitby the health crisis, are also threatened by newly emerging andfaster-spreading variants of the novel coronavirus.
Expedia said fourth-quarter gross bookings slumped 67% to$7.57 billion.
"The fourth quarter brought signs of hope in the form ofvaccine approvals, but rising cases across the globe and rollingshutdowns of various travel markets made an impact," said ChiefExecutive Peter Kern.
Net loss attributable to the company was $412 million, or$2.89 per share, in the quarter ended Dec. 31, compared with aprofit of $76 million, or 52 cents per share, a year earlier.
Excluding items, the company lost $2.64 per share, comparedwith analysts' average estimate of a $1.99 loss per share,according to Refinitiv data.
Revenue fell 66.5% to $920 million, missing estimates of$1.12 billion.(Reporting by Sanjana Shivdas in Bengaluru; Editing byRamakrishnan M.)