Despegar.com announces preliminary select 2020 q1 financial results

Despegar.com announces preliminary select 2020 first quarter financial results.despegar.com corp - revenue is expected to amount to about $78 million for q1 of 2020.despegar.com corp - operating and financial performance during q1 of 2020 was adversely affected by covid-19 pandemic.despegar.com corp - gross bookings are expected to amount to about $790 million for q1 of 2020, compared to $1,158 million during q1 of 2019.despegar.com - sees existing cash, cash equivalents, with expected cash flows, sufficient to meet currently-anticipated cash needs for next 12 months.despegar.com corp - estimates its run-rate for structural costs (excluding one-time items)will be during q2 of 2020, about $34 million.despegar.com corp - estimates that its run-rate for structural costs (excluding one-time items) will be during q3 of 2020, about $28 million.despegar.com - cannot assure co, sellers will be able to consummate acquisition of best day under existing terms, under different terms, or at all.
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