Fri 10/20/2023 16:38 PM
Travelport reported today that its cash balance fell by $38 million to $17 million in September from $55 million in August, according to sources. At the end of March it had $130 million of cash.
The travel technology company spent $35 million on capex and $46 million on debt service payments during September, the sources said. The company had to pay $68 million in interest expense for the quarter and could pay over $90 million on interest at the end of the...
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