CIBC Cuts Travelocity, Expedia Ratings

Analyst Paul Keung based his downgrade on the news that two major airlines were eliminating online sales commissions

Northwest Airlines and KLM Royal Dutch Airlines eliminated online air travel commissions. CIBC World downgraded its recommendations on online travel services Travelocity.com (TVLY ) and Expedia (EXPE ) to buy from strong buy.

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