Office Hours

Ambassadors reports drop in travelers, profits

Spokane-based educational travel company Ambassadors Group Inc. posted lower earnings in the second quarter as it arranged  travel for fewer people.

The company today reported earning $15.2 million in April, May and June, or 78 cents per share. That's down from $19.2 million, or 99 cents per share, int he second quater of 2009.

Ambassadors arranged travel for 13,396 delegates in the quarter, a 16 percent decrease from 15,995 delegates in the same quarter a year ago.

Gross receipts in the quarter were $83.1 million, compared to $99.3 million a year ago. Gross margin for the quarter decreased 14 percent year over year, the company reported.

You must be logged in to post comments. Please log in here or click the comment box below for options.

comments powered by Disqus
« Back to Office Hours
Scott Maben
Scott Maben is a Deputy City Editor who covers North Idaho news.

Follow Scott online:





Contact the Spokesman

Main switchboard:
(509) 459-5000
(800) 338-8801
(509) 459-5400
(800) 789-0029
Customer service:
(800) 338-8801