Priceline.com Loss Widens as Sales Fall

Priceline.com Inc., a seller of discounted travel on the Internet, said its third-quarter loss widened as sales fell 21% because of a slump in air travel. The company said it will cut jobs.

The net loss swelled to $24.3 million, or 11 cents a share, from $3.59 million, or 2 cents, a year earlier. Revenue fell to $240 million.

Shares of Norwalk, Conn.-based Priceline.com rose 21 cents to $2.31 on Nasdaq, before earnings were announced.