Expedia Withdraws Full-Year Forecast Amid Coronavirus Spread

Expedia Group Inc. withdrew its full-year earnings forecast and updated first-quarter guidance amid a worsening impact from the coronavirus pandemic that’s gutting the global travel sector.

The Seattle-based company said the spread of the coronavirus would negatively impact first-quarter adjusted earnings before interest, tax, depreciation and amortization “in excess” of the $30 million to $40 million it predicted in mid-February.