Ebookers posts first quarterly profit

Online travel agency ebookers edged into the black for the first time today after overcoming the £4m (€5.62m) impact of the Iraq war.

The group has continued to benefit from the transfer of office operations to India as adjusted profits for the first three months of 2003 reached £100,000 (€140,000), compared with losses of £2.2m (€3.1m) a year earlier.