An important point to note is that we have a sliding scale commission structure in travel, which will result in acquisition expenses being reduced by approximately $50 million during 2020 based on our first quarter loss estimates.

May 5, 2020 / CEO / receipt, needs a key / Brian Duperreil, CEO | earnings call 2020-05-05 | transcript 82acfa07-83c1-4293-95ca-56ab306a0ed4 | chars 13957-14187 | segment 13