Welcome to our dedicated page for Sabre Corporation news (Ticker: SABR), a resource for investors and traders seeking the latest updates and insights on Sabre Corporation stock.
Sabre Corporation (NASDAQ: SABR) is a leading software and technology provider dedicated to the global travel industry, boasting nearly US$8 trillion in industry reach. Sabre’s comprehensive suite of technology solutions empowers airlines, hotels, travel agencies, and various travel suppliers to grow their businesses and innovate the traveler experience. The company's open and stable platform ensures flexibility, reliability, and scalability for clients, making Sabre an industry powerhouse.
Headquartered in Southlake, Texas, Sabre is committed to transforming the travel ecosystem through advanced technology. Their services include data-driven business intelligence, mobile solutions, distribution channels, and software as a service (SaaS) offerings. Over the years, Sabre has pioneered several industry-changing technologies such as online travel agencies, corporate booking tools, revenue management systems, and web and mobile itinerary tools.
Sabre's business is structured into two primary segments: Travel Solutions and Hospitality Solutions. The Travel Solutions segment, which accounted for 91% of total 2023 revenue, encompasses distribution (78% of segment sales) and airline IT solutions (22%). Meanwhile, the Hospitality Solutions segment, although smaller, is rapidly growing and represented 9% of the 2023 revenue. Sabre's marketplace transacts more than a billion travel-related transactions annually, holding the second-largest air booking volume share in the global distribution system industry.
Recent achievements for Sabre include strategic agreements and partnerships to extend their technological offerings. For instance, Sabre recently signed a multi-year agreement with Air Serbia, enhancing the airline's revenue management with Sabre's Pricing and Revenue Optimization suite. The company also made significant strides in financial restructuring, such as the exchange of $150 million in 4.000% exchangeable senior notes due 2025 for new 2026 notes, thereby optimizing its debt profile.
Sabre's ongoing projects reflect its focus on innovative solutions. The introduction of SabreMosaic™, a new intelligent, modular, and open technology platform, aims to transform airline retailing by adopting a modern Offer and Order approach. This platform, powered by Google Cloud's AI capabilities, facilitates dynamic and personalized content delivery to travelers, enhancing revenue opportunities for airlines.
Sabre's consistent efforts in technological advancements and strategic partnerships ensure its prominent position in the travel technology sector and its commitment to revolutionizing the travel experience for consumers worldwide.
On December 7, 2020, Sabre Corporation announced a proposed refinancing of $637 million in existing debt through its subsidiary, Sabre GLBL Inc. The refinancing includes a new term loan B facility aimed at redeeming November 2023 Secured Notes and prepaying Term A Loans. This initiative is designed to enhance Sabre's debt maturity profile while maintaining current debt levels, excluding interest and fees. The new loan facility is subject to agreement with lenders and market conditions, and will be secured by the company's assets.
On December 2, 2020, Sabre Corporation (NASDAQ: SABR) announced the implementation of its branded fares technology by Gulf Air, the national carrier of Bahrain. This technology enhances merchandising capabilities, allowing travel agents to access various branded fare options, including Gulf Air's 'Boutique' fare family. The initiative aims to provide customers with greater choice, flexibility, and value while driving revenue for airlines. Sabre's technology is used by 225 airlines globally, optimizing operations and enhancing travel experiences.
Croatia Airlines and Sabre Corporation (NASDAQ: SABR) announced the successful remote migration to Sabre Revenue Optimizer, enhancing the airline's revenue management capabilities amid the COVID-19 pandemic. The implementation, which included virtual training, enables real-time visibility into revenue streams and dynamic competitor fare analysis. This advanced solution is crucial for navigating the volatile economic landscape, allowing Croatia Airlines to optimize pricing strategies. The collaboration was highlighted for its effectiveness despite challenges posed by distance and remote work.
Sabre Corporation (NASDAQ: SABR) has announced that Doug Barnett, CFO, will be presenting at the BofA Securities 2020 Leveraged Finance Virtual Conference on December 1, starting at 1:30 p.m. ET. A live audio webcast will be available on the Sabre investors’ website, with a replay accessible for at least 90 days. Sabre is a leading technology provider for the global travel industry, managing over $260 billion in global travel spend annually, serving clients in over 160 countries.
Sabre Corporation (NASDAQ: SABR) announced its financial results for Q3 2020, highlighting ongoing challenges due to COVID-19. The financial results and presentation materials are available on their Investor Relations website. The earnings conference call is scheduled for today at 9:00 a.m. ET, where management will discuss the results and COVID-19's impact on operations. Sabre serves the global travel industry, managing over $260B in annual travel spend across more than 160 countries.
Sabre Corporation (NASDAQ: SABR) announced the launch of its Sabre Smart Retail Engine™ powered by Sabre Travel AI™ technology, developed in partnership with Google. Set for release early next year, this innovative retail engine integrates AI and machine learning to optimize travel offers. It aims to enhance personalized travel experiences and operational efficiency for airlines and travel agencies. This product aligns with Sabre's strategic initiatives to drive revenue growth and improve customer satisfaction in the evolving travel landscape.
Sabre Corporation (NASDAQ: SABR) has enhanced its partnership with Qantas by integrating the airline's Universal Product Attributes (UPAs) into the Sabre Red 360 interface. This upgrade offers travel agents improved access to Qantas' fare information and amenities, including safety measures amid the pandemic. The integration aims to create a more engaging shopping experience for agents, enhancing the value of Sabre's services in the travel industry. This collaboration is seen as pivotal for both Sabre and Qantas in navigating the industry's recovery.
Sabre Corporation (SABR) announced a dividend of $1.7514 per share on its 6.50% Series A Mandatory Convertible Preferred Stock. This dividend is scheduled to be paid on December 1, 2020, to shareholders on record as of November 15, 2020. Sabre is a leading technology firm supporting the global travel industry, managing over $260B in travel spend annually and offering various solutions to enhance operational efficiency and traveler experiences.
On October 28, 2020, Sabre Corporation (NASDAQ: SABR) announced a long-term technology agreement with BIDTravel, enhancing their digital transformation amid low travel demand. The agreement, part of a virtual migration, enables BIDTravel to utilize Sabre's advanced technology, including Sabre Red 360, to deliver personalized travel services. This partnership aims to boost consumer confidence in travel while leveraging AI-driven insights for improved traveler experiences. BIDTravel's selection of Sabre was based on platform relevance and effective APIs, promising scalability and cost-efficiency.
Sabre Corporation (NASDAQ: SABR) will host a live webcast on November 6, 2020, at 9:00 a.m. ET to discuss its third quarter 2020 earnings. The call will cover financial results and the impact of COVID-19 on the business. The event is expected to last about one hour, with a replay available for 90 days on the Investor Relations section of Sabre's website. As a leading technology company for the global travel industry, Sabre manages over $260 billion in travel spend annually, serving clients in more than 160 countries.
FAQ
What is the current stock price of Sabre Corporation (SABR)?
What is the market cap of Sabre Corporation (SABR)?
What does Sabre Corporation do?
Where is Sabre Corporation headquartered?
What are the main business segments of Sabre?
What recent financial moves has Sabre made?
What recent partnerships has Sabre announced?
What is SabreMosaic™?
How does Sabre support airlines?
In which countries does Sabre operate?
What notable technologies has Sabre developed?
What is the significance of Sabre's Travel Solutions segment?
