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Sabre Corp - SABR STOCK NEWS

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 (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.

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Sabre Corporation (NASDAQ: SABR) has appointed Scott Wilson as the new president of Sabre Hospitality Solutions, effective September 8, 2020. Wilson brings over 25 years of experience in strategic planning and commercial activities from his previous roles at Great Wolf Resorts, Marriott International, and United Airlines. His appointment aims to streamline Sabre's hospitality business, which is crucial in the company's ongoing transformation towards personalized travel solutions. Recently, Sabre partnered with Accor to enhance its property management capabilities, focusing on innovation and increased market reach.

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Sabre Corporation and SAS, Scandinavia's leading airline, announced a new multi-year distribution agreement on August 27, 2020. This deal allows Sabre-connected agencies to access competitive SAS content, enhancing SAS's global reach and control over distribution costs. The agreement aims to improve traveler experiences by providing a diverse range of offers through Sabre's global distribution system. SAS, committed to sustainability, aims to reduce carbon emissions by 25% by 2025 while serving around 30 million passengers annually.

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Sabre Corporation (NASDAQ: SABR) has achieved significant milestones in enhancing its NDC capabilities, marking a step towards a personalized travel marketplace. The company has been certified Level 4 by IATA in collaboration with Flight Centre Travel Group and an airline partner, enhancing content access across the travel value chain. Additionally, Belavia Airlines became the first airline to receive IATA's Level 3 certification using Sabre's NDC technology. This progress is seen as crucial for improving travel distribution and meeting rising customer demands for personalization despite ongoing challenges from the COVID-19 pandemic.

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Sabre Corporation (Nasdaq: SABR) announced the upsizing and pricing of a $850 million offering of 7.375% senior secured notes due 2025, an increase of $550 million. The offering is set to close on August 27, 2020. Proceeds will be utilized to repay approximately $300 million of Term Loan A debt due July 2022, refinance $530 million of 5.375% senior secured notes maturing in April 2023, and repay other secured debts. The notes will be guaranteed by Sabre Holdings and its subsidiaries, secured by a first-priority interest in Sabre GLBL's assets.

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Sabre Corporation (Nasdaq: SABR) has announced a proposed offering of $300 million in senior secured notes through its subsidiary, Sabre GLBL Inc. The net proceeds will be utilized for repayment of Sabre's bank debt. These notes will be guaranteed by Sabre Holdings and secured by a first-priority interest in substantially all of Sabre GLBL’s assets, excluding certain assets. The offering is targeted at qualified institutional buyers and will not be registered under the Securities Act, limiting its sale in the U.S.

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Sabre Corporation (Nasdaq: SABR) has announced the pricing of two concurrent public offerings: 3,000,000 shares of 6.50% Series A Mandatory Convertible Preferred Stock at $100.00 each and 35,714,286 shares of common stock at $7.00 each. The offerings will settle on August 24, 2020, with net proceeds expected to be approximately $239.4 million from the common stock offering and $290.3 million from the preferred stock offering. Funds will be used for general corporate purposes. Conversion of preferred shares into common stock is anticipated by September 1, 2023.

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On August 18, 2020, Sabre Corporation (Nasdaq: SABR) announced public offerings totaling $500 million, comprising $250 million each of mandatory convertible preferred stock and common stock. The offerings may increase to $575 million if underwriters exercise their overallotment options. Proceeds will fund general corporate purposes. Each preferred share has a liquidation preference of $100.00 and will convert to common stock on September 1, 2023. The offerings are led by Morgan Stanley and BofA Securities.

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On August 7, 2020, Sabre Corporation (NASDAQ: SABR) announced the financial results for Q2 2020, with earnings materials now accessible on their Investor Relations webpage. The company plans a live earnings conference call today at 9:00 a.m. ET to discuss these results and address COVID-19's impact on business. Sabre is a leader in software and technology for the global travel industry, managing over $260B in travel spend annually and serving clients in over 160 countries.

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Sabre Corporation (NASDAQ: SABR) announced the extension of its global distribution agreement with United Airlines on August 6, 2020. This partnership will enable travel agents to access United's content globally through Sabre's technology, connecting over 425,000 travel agents worldwide as travel restrictions ease. Sabre aims to enhance air content distribution to valuable travelers through its global marketplace, while also collaborating on NDC (New Distribution Capability) to offer personalized offers. This agreement underscores Sabre's commitment to provide optimal retailing and fulfillment solutions to its clients.

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Sabre Corporation (NASDAQ: SABR) has entered a multi-year agreement with ASKY Airlines to enhance the airline's technology capabilities. This partnership aims to leverage Sabre's passenger service system and Sabre Commercial Platform to improve shopping, payment systems, and airport operations. ASKY, one of Africa's fastest-growing airlines, intends to use Sabre's Revenue Optimiser for better revenue management. Despite ongoing challenges in global aviation, ASKY seeks growth through innovative technology to enhance passenger experiences and support regional recovery post-Covid-19.

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FAQ

What is the current stock price of Sabre (SABR)?

The current stock price of Sabre (SABR) is $4.52 as of February 21, 2025.

What is the market cap of Sabre (SABR)?

The market cap of Sabre (SABR) is approximately 1.6B.

What does Sabre Corporation do?

Sabre Corporation is a leading software and technology provider for the global travel industry, offering data-driven solutions for airlines, hotels, travel agencies, and other travel suppliers.

Where is Sabre Corporation headquartered?

Sabre Corporation is headquartered in Southlake, Texas, USA.

What are the main business segments of Sabre?

Sabre's main business segments are Travel Solutions, which includes distribution and airline IT solutions, and Hospitality Solutions.

What recent financial moves has Sabre made?

Sabre has recently exchanged $150 million in 4.000% exchangeable senior notes due 2025 for new exchangeable notes due 2026, optimizing its debt profile.

What recent partnerships has Sabre announced?

Sabre recently announced a multi-year agreement with Air Serbia to utilize its Pricing and Revenue Optimization suite, and a strategic technology agreement with Taiba Investments in Saudi Arabia.

What is SabreMosaic™?

SabreMosaic™ is a new intelligent, modular, and open technology platform designed to transform airline retailing by adopting a modern Offer and Order approach.

How does Sabre support airlines?

Sabre supports airlines with a range of solutions including data-driven business intelligence, mobile technology, distribution channels, and SaaS offerings to enhance operations, revenue management, and customer experiences.

In which countries does Sabre operate?

Sabre serves customers in more than 160 countries around the world.

What notable technologies has Sabre developed?

Sabre has developed numerous industry-changing technologies including online travel agencies, corporate booking tools, revenue management systems, and web and mobile itinerary tools.

What is the significance of Sabre's Travel Solutions segment?

Sabre's Travel Solutions segment is significant as it represents 91% of the company's total 2023 revenue, primarily driven by distribution and airline IT solutions.
Sabre Corp

Nasdaq:SABR

SABR Rankings

SABR Stock Data

1.60B
359.07M
2.77%
95.79%
5.41%
Software - Infrastructure
Services-computer Programming, Data Processing, Etc.
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United States
SOUTHLAKE