Sabre Corporation - SABR STOCK NEWS

Sabre (NASDAQ: SABR) has announced the election of Eric L. Kelly to its Board of Directors, effective Jan. 1, 2025. Kelly, a technology industry veteran with over 40 years of experience, currently serves as Chairman and CEO of Overland Tandberg. He brings expertise in areas such as cybersecurity, complex M&A strategy, international corporate finance, and strategic business transformations.

Gail Mandel, Chair of Sabre's Board, expressed confidence in Kelly's appointment, noting that 2025 will be an important year for Sabre's technology evolution. Kelly will serve on the technology committee and the audit committee of the Board of Directors, contributing his extensive experience and thought leadership to Sabre's strategic direction.

Sabre Hospitality, a division of Sabre (NASDAQ: SABR), has become the primary reservation platform for LOTTE HOTELS & RESORTS, South Korea's largest hotel group. This migration to Sabre's SynXis Central Reservation System (CRS) marks a significant milestone for LOTTE, streamlining reservation processes and enhancing distribution capabilities across their portfolio.

The enhanced alliance includes the implementation of several advanced Sabre Hospitality solutions, such as SynXis Retailing, SynXis Booking Engine, Corporate Booking Tool, Voice Agent, Meta Search, and Channel Connect. These tools aim to improve operational efficiency, increase revenue, and elevate the guest experience.

LOTTE HOTELS & RESORTS currently operates 35 hotels in seven countries, with a diverse brand portfolio including SIGNIEL, LOTTE HOTELS, L7 HOTELS by LOTTE, LOTTE City Hotels, LOTTE RESORT, and VL premium residence.

Riyadh Air, Saudi Arabia's newest flagship airline, has partnered with Sabre (NASDAQ: SABR) to adopt comprehensive SabreMosaic™ Offer Optimization technology. This strategic agreement positions Riyadh Air to become the first carrier to operate on offer- and order-based technology across its entire retail spectrum when it launches operations in 2025.

The airline will deploy SabreMosaic Air Price IQ, Ancillary IQ, Bundle IQ, and Upgrade IQ to generate and manage dynamic offers. Additionally, Riyadh Air will use SabreMosaic Continuous Revenue Optimizer for true continuous pricing, making it the first airline globally to operate without traditional fare filing and booking classes in the direct channel.

This partnership leverages Sabre Travel AI™ and Google's Artificial Intelligence (AI) and Machine Learning (ML) toolkit to enhance offer construction with smart customer segmentation and intelligent bundling, enabling Riyadh Air to provide personalized, diverse travel options while optimizing revenue.

Sabre (NASDAQ: SABR) has announced a multi-year distribution agreement with Dominican flag carrier Arajet. This partnership will allow Arajet to distribute its flight inventory, offers, and services through Sabre's global network of travel buyers. The agreement expands Arajet's existing partnership with Sabre beyond the Radixx Res passenger services system (PSS) to now include distribution through the Sabre Global Distribution System (GDS).

Arajet, a low-price carrier, currently offers flights to 23 destinations in 16 countries throughout the Caribbean and the Americas, with a fleet of 10 aircraft. The airline has transported over 1.3 million passengers in almost a year of operation. This new agreement aims to help Arajet expand its reach in the Americas and provide Sabre-connected agents with access to additional airline content for creating personalized offers for leisure travelers.

Sabre (NASDAQ: SABR) has released its 2024 Sustainability Report, introducing a new Travel Positive strategy focused on People, Planet, and Prosperity. The company has submitted a commitment letter to the Science Based Targets initiative (SBTi), demonstrating its dedication to reducing greenhouse gas emissions in line with the Paris Agreement.

Sabre has become the first company to use Google and Travalyst's Travel Impact Model to measure its business travel Scope 3 emissions. The report highlights Sabre's participation in the Travalyst coalition and the integration of sustainability features into its core technologies.

The company has expanded its inclusion groups and launched a Sustainability Community of Practice. Sabre is also preparing to launch the Sabre Travel Positive Program, an educational initiative offering sustainability training to all team members.

Sabre and Google have partnered to pilot the Travel Impact Model (TIM) for calculating past emissions from business travel. This marks the first application of TIM for historical emissions data. The project analyzed Sabre's 2023 business travel data to calculate flight-level corporate travel emissions and suggest reduction strategies.

Key findings include:

• Long-haul flights identified as a major area for improvement
• TIM found lower-emitting same-day alternatives for two-thirds of flights
• Potential emission reduction of up to 10% on common routes like Dallas-London and Dallas-Frankfurt

Sabre plans to incorporate these insights into their travel policy and explore integrating TIM emissions data into their agency and corporate booking tools. This collaboration aims to set a new standard for corporate travel emissions disclosure and help companies reduce their carbon footprint.

Sabre (NASDAQ: SABR) and Virgin Australia have announced a strategic partnership to modernize the airline's retailing capabilities through the phased implementation of SabreMosaic™, an AI-driven platform designed to transform airline retailing. Virgin Australia will be the flagship customer for SabreMosaic, adopting over 40 products across the retailing lifecycle over the next few years.

The collaboration marks the general market availability of SabreMosaic solutions and Virgin Australia's transition towards modern, offer-and-order based retailing. The implementation has already begun with SabreMosaic Air Price IQ™ and Ancillary IQ™. Additionally, Virgin Australia has extended its current airline IT and GDS agreements with Sabre, ensuring continued distribution of its content through Sabre's global network.

SabreMosaic offers end-to-end retailing solutions across Offer, Order, Settle, and Deliver domains, powered by Google's AI capabilities. The platform aims to enable airlines to create dynamic, personalized offers, manage complex transactions, and enhance the traveler's journey.

Sabre (NASDAQ: SABR) and PLAY airlines have announced a multi-year distribution agreement. This partnership will allow Sabre-connected travel agencies to access PLAY's expanding network of affordable flights across North America and Europe. PLAY, an Icelandic low-cost carrier founded in 2019, operates 10 aircraft and connects up to 40 destinations in 2024.

The agreement aligns with Sabre's strategy to expand low-cost carrier content in its travel marketplace, addressing content fragmentation challenges. PLAY continues to grow its route network, with new flights to Aalborg, Denmark launching in June 2025, and recent additions to Toronto and Washington D.C., enhancing options for Sabre-connected agencies and their clients.

Sabre (NASDAQ: SABR) announced that Malaysia Airlines has selected PRISM to optimize its corporate travel segment. PRISM offers advanced data analytics, providing real-time insights and trends to create customized travel solutions for business customers. The tool ingests data from over 5,000 sources globally, processing more than 200 million corporate flight bookings in 2023.

Key features of PRISM include:

• Contract profit modeling and performance reporting
• Over 350 preformatted reports
• Weekly data submissions with API option for daily updates
• Enhanced user analytics powered by Google Cloud
• API connections to airline CRM systems

PRISM aims to help Malaysia Airlines optimize sales processes, drive business growth, and enhance revenue while improving the corporate travel experience.