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Cheap Tickets, which sells travel tickets through retail outlets, over the
Internet and by phone, reported a profit Thursday for the tenth consecutive
quarter, announcing diluted net
income for the second quarter ended June 30th of 5 U.S. cents per share.
However, the quarter did not provide a perfect landing for Cheap Tickets.
The company announced it is closing its offline retail travel stores, in
order to reduce costs and improve efficiency. Cheap Tickets said it will focus all
of its resources on the company's online and call center businesses.