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.
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.
Sabre (NASDAQ: SABR) has announced a strategic partnership with Air Serbia, becoming their NDC IT provider. This collaboration aims to enhance Air Serbia's travel retailing capabilities, enabling more personalized experiences and new revenue opportunities. Sabre's cloud-based solutions offer agility and modularity, allowing Air Serbia to easily adapt their NDC strategy.
Key highlights include:
- Sabre's NDC air shopping response times of 0.5-1.5 seconds
- Integration with SabreMosaic™, a new AI-powered technology platform
- Expansion of existing partnership (SabreSonic, Pricing and Revenue Optimization suite)
This partnership is set to transform travel retailing, offering enhanced value to passengers and positioning Air Serbia at the forefront of industry innovation.
Sabre (NASDAQ: SABR) has renewed its multi-year distribution agreement with Delta Air Lines, emphasizing their commitment to New Distribution Capability (NDC) integration. This long-term deal allows Sabre-connected travel agents to access both traditional EDIFACT and NDC content, enhancing their ability to provide comprehensive travel offers.
The agreement supports Delta's selling and servicing transformation strategy, which includes NDC. Both companies are collaborating to integrate NDC content into Sabre's travel marketplace, reinforcing their shared vision for a future-proof distribution landscape that accommodates various technologies and content types.
This renewal underscores the value of Sabre's distribution channel and both companies' dedication to fostering a travel marketplace that prioritizes innovation and flexibility.
Sabre (NASDAQ: SABR) and WestJet have expanded their long-term distribution agreement to include New Distribution Capability (NDC) content. This multi-year renewal will provide Sabre-connected agencies access to WestJet's complete range of NDC offers and traditional content through Sabre's global distribution system.
Once implemented, travel agents will be able to shop, book, and service WestJet's NDC offers alongside EDIFACT content through Sabre's Offer and Order APIs, Sabre Red 360, and GetThere. This development aligns with industry demand for more personalized and transparent travel retailing, offering greater flexibility and customization for travelers.
Sabre (NASDAQ: SABR) and Priceline have announced an expanded, multi-year distribution agreement aimed at driving innovation and delivering superior content to travelers. Under the new agreement, Priceline will adopt Sabre Direct Pay to support its travel payments needs, providing a more secure, automated, and integrated payment process. Additionally, Priceline will leverage Sabre's rich GDS content and shopping APIs to maintain its leadership in offering the best flight and package inventory to customers.
Matt Bell, Vice President of Flights at Priceline, emphasized the importance of access to broad air content in achieving their vision of providing customers with the best deals, inventory, and booking tools. Andy Finkelstein, Senior Vice President of Global Agency Sales at Sabre Travel Solutions, expressed pride in extending their long-term engagement with Priceline and excitement about evolving their relationship to enhance the travel marketplace.
Sabre (NASDAQ: SABR) has released its second quarter 2024 financial results. The company has made its earnings release and presentation available on its Investor Relations webpage at investors.sabre.com/financial-information/quarterly results. The materials are also accessible on the SEC's website. Sabre will host a live webcast of its earnings conference call at 9:00 a.m. ET, where management will discuss the financial results and provide a forward outlook. The webcast is expected to last about an hour and can be accessed through the Investor Relations section of Sabre's website. A replay of the event will be available on the website for at least 90 days following the presentation.
Sabre Hospitality, a division of Sabre (NASDAQ: SABR), has renewed its long-term agreement with Wyndham Hotels & Resorts, the world's largest hotel franchisor. Wyndham will continue to use Sabre's SynXis Central Reservation System (CRS) for its global operations, extending a partnership that has lasted nearly two decades.
The SynXis CRS platform offers Wyndham efficient pricing and inventory management, global distribution connectivity, and integration with its Wyndham Rewards program. This renewal supports Wyndham's strategy across its 25 brands and over 9,100 hotels in 95 countries, handling nearly 70 million transactions annually.
Earlier this year, Sabre successfully migrated over 5,000 Wyndham properties to the SynXis Property Hub, including a record 550 hotels in a single month, demonstrating the platform's scalability and efficiency.
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