Shares of Orbitz Worldwide, Inc. (NYSE: OWW) spiked up Tuesday amid reports that the company may explore a sale.
According to a Bloomberg report, the company is reaching out to potential buyers and that both private equity funds and other Internet companies may have an interest in acquiring the online travel agent.
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The report indicated that with low oil prices driving record airline travel, Orbitz is expected to see record revenue of $932 million in 2015.
An Orbitz representative declined to comment on the company’s plans.
Orbitz recently traded at $9.96, up 8.6 percent.
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