CWT predicts exit from bankruptcy in November and projects positive cash flow by 2024
CWT’s parent company, Carlson Travel Inc., expects a return to positive cash flow in 2024, when the travel management company will return to 70% of its booked dollar volume in 2019.
Next year, the value of transactions processed would be 40% from 2019, followed by 57% in 2023, according to projections released in the company’s bankruptcy declaration. Total transactions processed would be 52% next year, followed by 68% and 79% in 2023 and 2024, respectively. The average value per transaction would rise to $ 420 in 2024. . .