As it published an evaluation of CWT’s creditworthiness, Fitch Ratings on Thursday said the travel management company had “limited financial flexibility” and “a level of excess cash and revolver availability to withstand significant declines in traffic volumes” through the end of September — albeit “with minimal headroom.” CWT raised close to $400 million in debt and new investments last year…
Before starting The Company Dime with David Jonas in 2014, journalist Jay Campbell a decade earlier created travel business newsletter The Beat. In 2006, Jay co-founded Travel Procurement magazine and in 2010 helped integrate them with Business Travel News. He served as BTN's editorial director until 2013. Jay made his travel industry media debut in 1993 at the Air Travel Journal of Boston while earning his undergraduate degree in journalism at Boston University. He would be happy to connect on LinkedIn. He's here at CorporateTravel.social on Mastodon.
