SOUTHLAKE, Texas, Sept. 10, 2024 /PRNewswire/ -- Sabre Corporation (NASDAQ: SABR), a leading software and technology provider that powers the global travel industry, today announced a strategic partnership with Air Serbia, Serbia's national carrier. This agreement establishes Sabre as Air Serbia's NDC (New Distribution Capability) IT provider, empowering the airline to deliver a more personalized travel experience and unlock new revenue opportunities. Sabre is a leader in supporting both NDC airline IT and ...

Sabre (SABR) and Delta Airlines (DAL) recently announced the renewal of their multi-year distribution agreement. The contract will allow Sabre to offer DAL's New Distribution Capability (NDC) content and Electronic Data Interchange for Administration, Commerce, and Transport (EDIFACT) content to travel agencies connected to SABR's marketplace. Travel agencies will be able to access a range of travel offers provided by Delta Airlines. By offering both the NDC and the EDIFACT contents, Delta Airlines will be ...

The multi-year agreement demonstrates the value of Sabre's distribution channel and both companies' commitment to work together on New Distribution Capability (NDC) SOUTHLAKE, Texas, Aug. 21, 2024 /PRNewswire/ -- Sabre Corporation (NASDAQ: SABR), a leading technology provider to the global travel industry, has finalized a multi-year renewal of its distribution agreement with Delta Air Lines. The long-term agreement enables Sabre-connected travel agents to access both traditional EDIFACT and New Distribution ...

The multi-year agreement will provide travel agencies access to the complete range of both NDC offers and traditional content through the Sabre global distribution system SOUTHLAKE, Texas, Aug. 14, 2024 /PRNewswire/ -- Sabre Corporation (NASDAQ: SABR), a leading software and technology company that powers the global travel industry and WestJet, a major carrier based in Canada, have signed a multi-year renewal of their distribution agreement. This agreement will continue to provide Sabre-connected agencies w ...

Core Insights - Sabre Corporation and Priceline have announced a new multi-year agreement aimed at driving innovation and enhancing travel retailing experiences for consumers [1][3] Group 1: Agreement Details - Priceline will implement Sabre Direct Pay to improve its travel payment processes, making them more secure and automated [2] - The agreement allows Priceline to utilize Sabre's extensive GDS content and shopping APIs to maintain its competitive edge in offering flight and package inventory [2] Group 2: Company Profiles - Sabre Corporation is a technology provider in the travel industry, connecting suppliers and buyers globally through innovative solutions, serving customers in over 160 countries [4] - Priceline, part of Booking Holdings Inc., has been a leader in online travel for 25 years, offering a wide range of travel services and deep discounts through its proprietary technology [5]

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Sabre ©2024 Sabre GLBL Inc. All rights reserved. 1 Q2 2024 Earnings Report 1 August 2024 Forward-looking statements Forward-looking Statements Certain statements herein are forward-looking statements about trends, future events, uncertainties and our plans and expectations of what may happen in the future. Any statements that are not historical or current facts are forward-looking statements. In many cases, you can identify forward-looking statements by terms such as "guidance," "outlook," "target," "expect ...

Sabre Corporation (SABR) shares were trading approximately 7% higher today after the travel technology solution provider reported better-than-expected second-quarter results and raised guidance for full-year 2024. Sabre reported an adjusted loss of 5 cents per share, narrower than the Zacks Consensus Estimate of a loss of 8 cents per share. Moreover, the figure was narrower than the year-ago quarter's loss of 17 cents per share. The year-over-year improvement in the bottom line reflects the benefits of incr ...

For the quarter ended June 2024, Sabre (SABR) reported revenue of $767.24 million, up 4% over the same period last year. EPS came in at -$0.05, compared to -$0.17 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $750.13 million, representing a surprise of +2.28%. The company delivered an EPS surprise of +28.57%, with the consensus EPS estimate being -$0.07. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how the ...

Travel Solutions Performance - Travel Solutions reported direct billable bookings for Air at 76,225, a decrease of 0.9% from 76,944 in the previous year[94]. - Direct billable bookings for LGS increased by 9.4% to 14,755 from 13,485 year-over-year[94]. - Total direct billable bookings for Travel Solutions reached 90,980, reflecting a 0.6% increase compared to 90,429 in the same period last year[94]. - IT solutions passengers boarded decreased by 2.0% to 168,906 from 172,337 year-over-year[94]. - Central Reservations System transactions for Hospitality Solutions increased by 3.9% to 33,156 from 31,916 year-over-year[94]. Financial Performance - Net loss attributable to common stockholders for the three months ended June 30, 2024, was $(69,760) million, compared to $(129,278) million for the same period in 2023, representing a 46% improvement[98]. - Adjusted Net Loss from continuing operations for the six months ended June 30, 2024, was $(24,220) million, a decrease of 79% from $(115,241) million in the same period of 2023[98]. - Adjusted EBITDA for the three months ended June 30, 2024, was $128,694 million, up 76% from $73,049 million in the same period of 2023[98]. - Operating income for the three months ended June 30, 2024, was $60,855 million, compared to a loss of $(42,183) million in the same period of 2023[98]. - Adjusted Operating Income for the three months ended June 30, 2024, was $106,989 million, significantly higher than $46,095 million in the same period of 2023[100]. - Adjusted Operating Income for the six months ended June 30, 2024, was $224,758, compared to a loss of $116,486 in the same period of 2023, reflecting a significant improvement[104]. - Adjusted EBITDA for the six months ended June 30, 2024, reached $271,000, up from a loss of $116,067 in the prior year[104]. - Operating income for the six months ended June 30, 2024, was $158,940, compared to a loss of $180,875 in the same period of 2023[104]. Cost Management - The company expects to achieve annual operating expense reductions of approximately $200 million due to a cost reduction plan initiated in Q2 2023[82]. - The company incurred restructuring costs of $82 million related to the cost reduction plan since Q2 2023[82]. - Selling, general and administrative expenses decreased by $13,426,000, or 7%, to $165,637,000, mainly due to reduced restructuring costs[115]. - Technology costs decreased by $65,011,000, or 23%, to $219,268,000, primarily due to cost reduction initiatives and cloud migrations[113]. - Technology costs decreased by $114,158 or 21%, totaling $441,559 for the six months ended June 30, 2024, primarily due to cost reduction initiatives[122]. Debt and Interest Expenses - Approximately 42% of the company's debt is variable, which is sensitive to interest rate fluctuations[84]. - Interest expense, net for the three months ended June 30, 2024, was $129,294 million, compared to $106,134 million in the same period of 2023, indicating rising debt servicing costs[98]. - Interest expense for the six months ended June 30, 2024, was $(254,041), indicating a substantial financial burden[104]. - Interest expense increased by $23,160,000, or 22%, to $129,294,000, attributed to additional interest from financing activities[116]. - Interest expense increased by $48 million, or 23%, totaling $254,041 for the six months ended June 30, 2024, due to additional interest from financing activities[126]. Revenue Growth - Total revenue for the three months ended June 30, 2024, was $767,241,000, representing a 4% increase from $737,529,000 in the same period of 2023[109]. - Travel Solutions revenue increased by $24 million, or 4%, to $695,050,000, driven by a 4% increase in transaction-based distribution revenue and a 1% increase in direct billable bookings[110]. - Hospitality Solutions revenue rose by $7 million, or 9%, to $83,238,000, primarily due to a 4% increase in transaction volumes[111]. - Total revenue for the six months ended June 30, 2024, was $1,550,127, an increase of $69,903 or 5% compared to $1,480,224 for the same period in 2023[120]. - Travel Solutions revenue increased by $60 million, or 4%, primarily due to a $67 million increase in transaction-based distribution revenue[120]. - Hospitality Solutions revenue rose by $12 million, or 8%, driven by a $13 million increase in SynXis Software and Services revenue[120]. Cash Flow and Liquidity - Cash used in operating activities for the six months ended June 30, 2024, was $(39,959), an improvement from $(99,188) in the same period of 2023[107]. - Free Cash Flow for the six months ended June 30, 2024, was $(87,753), compared to $(147,378) in the prior year, indicating better cash management[107]. - Cash used in operating activities was $40 million for the six months ended June 30, 2024, an improvement of $59 million compared to the same period in 2023[144]. - Cash provided by financing activities was $54 million for the six months ended June 30, 2024, including proceeds of $150 million from the issuance of 2026 Exchangeable Notes[146]. - Cash and cash equivalents as of June 30, 2024, were $612,614, a decrease from $648,207 as of December 31, 2023[130]. Restructuring and Future Outlook - The company has experienced material headwinds in financial results for 2023 and into Q2 2024, with air distribution volume growth leveling off[82]. - The company anticipates being substantially complete with restructuring activities associated with the cost reduction plan by the end of 2024[82]. - The company expects to generate positive free cash flow for the full year 2024, although its ability to generate cash is subject to various external factors[132]. - The company expects to be a U.S. federal cash taxpayer in 2024, benefiting from the usage of net operating losses (NOLs) and certain tax credits[132]. Miscellaneous - The company recorded $8 million in digital services tax (DST) during Q2 2024, with $6 million being retroactive to prior periods[132]. - The company had no off-balance sheet arrangements during the six months ended June 30, 2024[149]. - There were no material changes to market risk exposure since December 31, 2023, as previously disclosed[153].