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PART I
Forward-Looking Statements
This Annual Report on Form 10-K and its exhibits contain forward-looking statements that are subject to
risks, uncertainties and other factors that may cause our actual results, performance or achievements to be
materially different than the results, performance or achievements expressed or implied by the forward-looking
statements. Forward-looking statements include statements about our expectations, beliefs, plans, objectives,
intentions, assumptions and other statements that are not historical facts. Forward-looking statements can
generally be identified by phrases such as “believes,” “expects,” “potential,” “continues,” “may,” “will,”
“should,” “seeks,” “predicts,” “anticipates,” “intends,” “projects,” “estimates,” “plans,” “could,” “designed,”
“should be” and other similar expressions that denote expectations of future or conditional events rather than
statements of fact. Forward-looking statements also may relate to our operations, financial results, financial
condition, business prospects, growth strategy and liquidity. Our actual results could differ materially from
those anticipated in forward-looking statements for many reasons, including the factors described in Item 1A,
“Risk Factors,” and in Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of
Operations,” in this Annual Report on Form 10-K. Accordingly, you should not unduly rely on these forward-
looking statements. We undertake no obligation to publicly revise any forward-looking statements in this
Annual Report on Form 10-K.
The use of the words “we,” “us,” “our” and “the Company” in this Annual Report on Form 10-K refers to
Orbitz Worldwide, Inc. and its subsidiaries, except where the context otherwise requires or indicates.
Item 1. Business.
General Description of Our Business
We are a leading global online travel company that uses innovative technology to enable leisure and
business travelers to search for and book a broad range of travel products. Our brand portfolio includes Orbitz,
CheapTickets, the Away Network, and Orbitz for Business in the Americas; ebookers in Europe; and
HotelClub and RatesToGo based in Sydney, Australia, which have operations globally. We provide customers
with the ability to book a comprehensive set of travel products, from over 85,000 suppliers worldwide,
including air travel, hotels, vacation packages, car rentals, cruises, travel insurance and destination services
such as ground transportation, event tickets and tours.
As of December 31, 2008, we had approximately 1,500 full-time employees, more than half of whom
were based in the U.S. and the remaining were based primarily in Australia and the U.K. We believe we have
a good relationship with our employees. We outsource some of our technology support, development and
customer service functions to third parties. Additionally, we utilize independent contractors to supplement our
workforce.
History
Orbitz, Inc. (“Orbitz”) was formed in early 2000 by American Airlines, Inc., Continental Airlines, Inc.,
Delta Air Lines, Inc., Northwest Airlines, Inc. and United Air Lines, Inc. (the “Founding Airlines”). In
November 2004, Orbitz was acquired by Cendant Corporation (“Cendant”), whose online travel distribution
businesses included the CheapTickets, HotelClub and RatesToGo brands. In February 2005, Cendant acquired
ebookers Limited, an international online travel brand with operations in 13 countries throughout Europe
(“ebookers”).
On August 23, 2006, Travelport Limited (“Travelport”), which consisted of Cendant’s travel distribution
services businesses, including the businesses that currently comprise Orbitz Worldwide, Inc., was acquired by
affiliates of The Blackstone Group (“Blackstone”) and Technology Crossover Ventures (“TCV”). We refer to
this acquisition in this Annual Report on Form 10-K as the “Blackstone Acquisition.”
Orbitz Worldwide, Inc. was incorporated in Delaware on June 18, 2007 and was formed to be the parent
company of the business-to-consumer travel businesses of Travelport, including Orbitz, ebookers and Travel
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