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By Nathan Gomes and Doyinsola Oladipo
(Reuters) – Expedia on Thursday warned that revenue in 2024 would moderate as air ticket prices drop, and said CEO Peter Kern was stepping down and would be succeeded by an insider.
The company’s shares, which have gained over 60% since November, slid more than 12% in extended trading and dragged down those of peers Booking Holdings and Airbnb after Expedia sounded some concern about moderating bookings.
Revenue from air travel was under pressure from a fall in average ticket prices, Chief Financial Officer Julie Whalen said on a…