A long-standing dispute between Orbitz (NYSE: OWW) and American Airlines has finally been resolved, the two companies announced Monday.
The companies said in a brief press release that the deal to "resolve all litigation between them" still needs court approval, and neither Orbitz nor American Airlines, the wholly owned subsidiary of AMR (NASDAQOTH: AAMRQ), would have further comment at this time.
At issue had been American Airlines' reluctance to provide flight and price information to Orbitz and others in the online travel industry, stating it could better serve its customers using travel agents. Orbitz, among other Web-based travel sites, claimed that American was attempting to circumvent the use of online travel sites altogether.
The new agreement requires approval from the judge presiding over AMR's current bankruptcy proceedings before it can be finalized.
