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 (NASDAQ: SABR) has declared a dividend of $1.625 per share on its 6.50% Series A Mandatory Convertible Preferred Stock. This dividend is scheduled for payment on June 1, 2022, to stockholders of record as of the close of business on May 15, 2022. Sabre is a leading technology company in the global travel industry, providing solutions to airlines, hoteliers, and travel agencies, managing over $260B in global travel spend annually.
Sabre Corporation (NASDAQ: SABR) released its financial results for Q1 2022, highlighting its ongoing role in powering the global travel industry. Sabre's technology platform handles over $260B in global travel spend annually. The company has made its earnings release and investor information accessible via its Investor Relations website. A live webcast of the earnings call is scheduled for today at 9:00 a.m. ET, discussing financial results and future outlook.
Virgin Australia has chosen Sabre Revenue Optimizer to enhance its pricing strategy using real-time data analytics. This new technology will allow the airline to adapt to the evolving travel landscape post-pandemic, leveraging intelligent decision support for revenue optimization. The airline aims to break down data silos and improve forecasting and competitive intelligence, facilitating a more customer-centric approach. Additionally, the strong recovery in bookings following the reopening of Australia’s borders highlights the potential for increased revenue opportunities for both Virgin Australia and Sabre.
Sabre Corporation (SABR) announced plans to webcast its 2022 Annual Meeting of Stockholders on April 27, 2022, at 10:30 a.m. ET, accessible via its investor relations website. Additionally, it will host a first-quarter 2022 earnings conference call on May 3, 2022, at 9:00 a.m. ET, where management will discuss financial results and future outlook. Sabre is a prominent software and technology company in the travel industry, managing over $260 billion in global travel spend annually.
Sabre Corporation (NASDAQ: SABR) announced a partnership with Bear Luxe Japan on April 11, 2022, to enhance connectivity between luxury hotels in Japan and global markets. This agreement aims to facilitate international access to Japanese luxury accommodations and improve personalized travel experiences for luxury travelers. Bear Luxe Japan's hoteliers will use Sabre's SynXis platform for enhanced bookings and market reach, targeting both leisure and corporate travelers. This strategic collaboration is expected to bridge market gaps and drive growth in Japan's luxury travel sector.
On April 5, 2022, Sabre Corporation (NASDAQ: SABR) announced a partnership with eRoam Travel Technology to enhance leisure travel solutions for agencies. This collaboration integrates eRoam's AI-enabled platform into Sabre's Developer Partner Network, enabling travel agencies to create tailor-made packages efficiently. The new solution aims to boost agency revenue by offering personalized travel options. Sabre emphasizes its commitment to support recovery in the travel industry by providing innovative tools for agencies to maximize business opportunities.
On March 9, 2022, Sabre Corporation (Nasdaq: SABR) announced a refinancing of $625 million in existing debt through a new term loan B facility. This move extends the maturity of around $623 million of previous loans to June 30, 2028, improving the company’s debt maturity profile without increasing overall indebtedness. The new facility is secured by a first-priority interest in the company's assets, replacing LIBOR with Term SOFR for interest calculations. This refinancing aims to enhance Sabre’s financial flexibility and operational efficiency.
Sabre Corporation (NASDAQ: SABR) announced that Sean Menke will become Chair of the Board effective April 28, 2022, succeeding Karl Peterson. Menke, currently CEO, will focus on strategic plans after appointing Kurt Ekert as President. The Board has also elected Gregg Saretsky as independent Lead Director. Peterson commended Menke's leadership during a period of transformation and emphasized the strong independent oversight with the new governance structure. Long-standing board member Gary Kusin will retire, effective before the Annual Meeting, having served since 2007.
On March 3, 2022, Sabre Corporation announced the termination of its distribution agreement with Aeroflot, Russia's largest carrier. This decision follows the ongoing crisis in Ukraine, with Sabre emphasizing compliance with sanctions against Russia. The company plans to remove Aeroflot's flight content from its global distribution system (GDS). Additionally, Sabre has donated $1 million to the Polish Red Cross to support humanitarian efforts in the region. This move underscores Sabre's focus on safety and legal compliance amid evolving geopolitical tensions.
