Please take a few minutes to read the article.
Here are highlights:
- Breakup fee up to $25 million, $20 million in attorney fee
Why up 54.9. Here is the article.
Here are highlights
- 2020 first quarter - 29 cents/ share, 2019 $0.34 cents/ share;
- Revenue $659 million, down 37.2% from year-ago quarter;
- Terminate acquisition of Fairlogix by paying $21 million of termination charges
- Airline solutions revenue - $180 million, down 16% from the year-ago quarter; 17% decline in reservation revenues and 13% in operations revenues.
- Hospitality solutions revenues dropped 19% year over year to $59 million
- Balance sheet and cash flow:
- $684.5 million compared to $436.2 million in the previous quarter
- Free cash flow was $12 million for the first quarter compared with $133.9 in the prior quarter.
- ...
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