Etihad and Sabre announce long-term partnership with key technology renewals

Rhea-AI Summary

Sabre Corporation (NASDAQ: SABR) has announced a renewed technology agreement with Etihad to support the airline's recovery efforts post-pandemic. This multi-year agreement enables Etihad to utilize Sabre's advanced IT solutions, including Fares Optimizer and Network Planning and Optimization, to enhance operational efficiency and revenue generation. The collaboration reflects a strong, long-standing relationship, allowing Etihad to leverage Sabre's expertise in managing daily operations effectively.

Positive

• Renewed multi-year agreement with Etihad enhances operational efficiency and revenue potential.
• Implementation of Fares Optimizer expected to improve pricing strategies and revenue.
• Sabre's technology solutions recognized for scalability and effectiveness in managing airline operations.

Negative

• None.

ABU DHABI, United Arab Emirates and SOUTHLAKE, Texas, Sept. 16, 2021 /PRNewswire/ -- Sabre Corporation (NASDAQ: SABR), a leading software and technology provider that powers the global travel industry, today announced a renewed technology agreement with Etihad.

Under the new agreement, Etihad will continue leveraging a suite of Sabre's industry-leading IT solutions to aid recovery, help drive post-pandemic growth and enhance the passenger experience.

"As we focus on our recovery, it is imperative that we have the right technology in place" said Frank Meyer, Chief Digital Officer, Etihad Aviation Group.  "Our strong relationship with Sabre and this renewed agreement means that we can continue to optimize our day-to-day operations."

Etihad and Sabre have a successful and long-standing relationship, with the carrier already having seen tangible benefits from a suite of Sabre's network planning and scheduling, pricing and revenue management and cargo technology.  Under the new multi-year agreement, the following products will be among an important suite of technology for Etihad as it focuses on optimizing its operations to fuel its recovery:

• Fares Optimizer – Uses near real-time responses to provide dynamic price recommendations for Etihad's fares. The solution will be crucial in helping Etihad improve its revenue.
• Network Planning and Optimization – this industry-leading planning and scheduling suite is able to scale to the largest airlines in the world. Powering more than 60% of the world's top airlines, Sabre's Schedule Manager will continue to help Etihad build and deliver robust, accurate and operationally feasible schedules across its network.
• Inflight – In previous years of using Sabre's Inflight solutions, Etihad has been able to achieve significant savings, while continuing to provide a world-class and award-winning guest experience onboard.

"Our renewed technology agreement with Etihad is testament to the airline's confidence in Sabre to deliver the advanced solutions needed to help secure its recovery, and help it to power future growth," said Roshan Mendis, Chief Commercial Officer, Travel Solutions, Sabre.  "It is essential now more than ever that airlines like Etihad employ the most advanced technology to help stimulate demand, recover lost income and position themselves for future growth."

About Sabre Corporation

Sabre Corporation is a leading software and technology company that powers the global travel industry, serving a wide range of travel companies including airlines, hoteliers, travel agencies and other suppliers. The company provides retailing, distribution and fulfilment solutions that help its customers operate more efficiently, drive revenue and offer personalized traveler experiences. Through its leading travel marketplace, Sabre connects travel suppliers with buyers from around the globe. Sabre's technology platform manages more than $260B worth of global travel spend annually. Headquartered in Southlake, Texas, USA, Sabre serves customers in more than 160 countries around the world. For more information visit www.sabre.com.

SABR-F

Media Contacts:
Kristin Hays
kristin.hays@sabre.com

Heidi Castle
heidi.castle@sabre.com

For further details:
Duty Media Officer
Etihad Airways
Tel: +97150 818 9596
Email: dutymediaofficer@etihad.ae

 

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SOURCE Sabre Corporation

FAQ

What is the significance of the renewed agreement between Sabre and Etihad?

The renewed agreement allows Etihad to leverage Sabre's advanced technology to enhance operational efficiency and recovery efforts post-pandemic.

What technologies will Etihad use from Sabre under the new agreement?

Etihad will utilize Fares Optimizer, Network Planning and Optimization, and Inflight solutions to enhance its operations.

How does Sabre's technology impact Etihad's revenue?

The Fares Optimizer tool provides dynamic price recommendations, which can significantly enhance Etihad's revenue management.

When was the renewed technology agreement between Sabre and Etihad announced?

The agreement was announced on September 16, 2021.