Welcome to our dedicated page for Sabre news (Ticker: SABR), a resource for investors and traders seeking the latest updates and insights on Sabre stock.
Sabre Corporation (SABR) drives innovation in travel technology through its global distribution systems and enterprise solutions. This news hub provides investors and industry professionals with essential updates about the company’s strategic initiatives, technological advancements, and market position.
Access real-time announcements including earnings reports, partnership developments, and product launches. Our curated collection simplifies tracking Sabre’s progress in enhancing airline operations, hotel revenue management, and travel agency tools through AI-driven platforms.
Key updates cover airline IT modernization, hotel cloud solutions, and distribution network expansions. Stay informed about Sabre’s role in shaping next-generation travel commerce, including New Distribution Capability (NDC) implementations and data analytics innovations.
Bookmark this page for streamlined access to verified Sabre Corporation developments. Check regularly for updates on critical travel technology trends directly impacting global distribution networks and digital transformation initiatives.
Sabre Corporation will host a live webcast of its Q3 2022 earnings conference call on November 2, 2022, at 9:00 a.m. ET. The event will discuss financial results and provide a forward outlook. Investors can access the webcast through the Investor Relations section of Sabre's website.
Sabre operates a leading technology platform for the global travel industry, managing over $260 billion in travel spend annually and serving customers in more than 160 countries.
Sabre Corporation (NASDAQ: SABR) has announced the election of Rachel Gonzalez to its board of directors, effective October 20, 2022. Gonzalez, a former executive at Sabre, brings extensive business, legal, and governance expertise. She previously served as executive vice president and general counsel at Starbucks, overseeing legal affairs and compliance. Her election increases Sabre's board size to 11 directors. CEO Sean Menke expressed enthusiasm for Gonzalez's return, highlighting her unique insights and experience from her previous tenure at the company.
Sabre Corporation (NASDAQ: SABR) has declared a $1.625 per share dividend on its 6.50% Series A Mandatory Convertible Preferred Stock. This dividend will be payable on December 1, 2022 to shareholders recorded as of the close of business on November 15, 2022. Sabre operates in the global travel industry, providing technology solutions that manage more than $260B in travel spend annually, serving clients in over 160 countries.
Sabre Corporation (SABR) announced the renewal of its multi-year distribution agreement with United Airlines on October 13, 2022. This long-term pact ensures that travel agents connected to Sabre will continue to access United's content globally. The agreement also supports United's modern retailing vision through NDC-enabled capabilities and enhances the airline's reach in Sabre's global network. Sabre's technology will help United in efficiently catering to travel buyers while meeting their needs for streamlined workflows and transparency.
Sabre Corporation (NASDAQ: SABR) has announced a strategic long-term agreement with Nairobi-based SABRON Tech Ltd to enhance its presence in East Africa. This partnership combines SABRON's regional expertise with Sabre's technology, allowing the distribution of Sabre's solutions in Kenya, Tanzania, and Uganda. The collaboration aims to optimize revenue for travel agencies as the industry recovers from pandemic impacts. Sabre's services include the intuitive Sabre Red 360 interface, which helps deliver personalized offers to travelers, facilitating growth in the East African travel sector.
Sabre Corporation (NASDAQ: SABR) announced an extended distribution agreement with Vietnam Airlines, reinforcing their long-standing partnership. This agreement allows Vietnam Airlines to distribute content through Sabre's global travel marketplace, enhancing its reach among travel agents. Vietnam Airlines utilizes Sabre's comprehensive technology solutions, including PSS and revenue optimization tools, to improve service delivery and efficiency. The collaboration aims to support Vietnam's recovery in tourism and is pivotal for the country's aviation market as it seeks to revive international travel.
Sabre Corporation announced a refinancing of a portion of its existing debt, resulting in improved debt maturity profiles. The new $675 million term loan 'B' extends the maturity of approximately $647 million of previous debt to June 30, 2028. This refinancing incurs no new debt, aside from necessary fees and expenses. The new facility is secured by a first-priority security interest in Sabre GLBL's assets. This move aims to strengthen Sabre's financial position within the global travel industry, which it serves through its software and technology solutions.
Avianca Group has become the first Latin American airline to distribute its New Distribution Capability (NDC) content via Sabre's marketplace. The rollout, which began on August 1, 2022, will expand to over 50 countries including Canada, France, and Mexico by August 15. This move allows travel agencies and partners to access Avianca's NDC offerings through Sabre's platforms, enhancing efficiency and service. The transition follows successful pilot phases in Brazil, El Salvador, and the U.S., with Sabre collaborating with over 25 airlines to distribute NDC content globally.
Sabre Corporation (NASDAQ: SABR) announced the appointment of Chadwick Ho as its new Executive Vice President and Chief Legal Officer, effective next month. Ho, previously at The Walt Disney Company and Hulu, brings over 20 years of legal experience in the technology sector. Reporting to Sean Menke, he will oversee all legal aspects within the company, contributing to Sabre's strategic priorities aimed at achieving long-term profitable growth. Menke expressed confidence in Ho's leadership during this critical period for the company.
