Sabre Responds to Recent News Story

Rhea-AI Summary

Sabre Corporation (NASDAQ: SABR) issued a statement on July 27, 2020, addressing misconceptions from a speculative news article regarding its involvement in COVID-19 tracking. The company clarified it has not been requested to participate in such tracking initiatives and emphasized that it complies only with legally valid requests. Sabre, a technology leader in the travel industry, manages over $260B in annual global travel spend, serving clients in over 160 countries.

SOUTHLAKE, Texas, July 27, 2020 /PRNewswire/ -- Sabre Corporation (NASDAQ: SABR), has received a number of inquiries related to a highly speculative article recently published in the news. In response, the Company issued this important statement today to clear up misconceptions reflected in that article. 

First, Sabre has not been asked to participate in any projects related to COVID-19 tracking or tracking of populations as suggested in the article. Second, Sabre, as with all companies, responds to lawful process according to applicable law. Sabre closely examines any requests and only complies with court orders, subpoenas or other requests that are legally valid. The article may leave the perception that Sabre receives a large number of such requests. This is wholly inaccurate.

About Sabre Corporation
Sabre Corporation is a leading software and technology Company that powers the global travel industry, serving a wide range of travel companies including airlines, hoteliers, travel agencies and other suppliers. The Company provides retailing, distribution and fulfilment solutions that help its customers operate more efficiently, drive revenue and offer personalized traveler experiences. Through its leading travel marketplace, Sabre connects travel suppliers with buyers from around the globe. Sabre's technology platform manages more than $260B worth of global travel spend annually. Headquartered in Southlake, Texas, USA, Sabre serves customers in more than 160 countries around the world. For more information visit www.sabre.com.

SABR-F

Contacts:

Media
Kristin Hays
kristin.hays@sabre.com

Heidi Castle
heidi.castle@sabre.com

sabrenews@sabre.com

 

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SOURCE Sabre Corporation

FAQ

What recent statement did Sabre Corporation release regarding COVID-19 tracking?

On July 27, 2020, Sabre Corporation stated it has not been asked to participate in COVID-19 tracking initiatives, addressing misconceptions from a speculative article.

How does Sabre Corporation handle legal requests?

Sabre Corporation complies only with legally valid requests, such as court orders and subpoenas, and emphasizes it does not receive a significant number of such requests.

What is the financial significance of Sabre Corporation?

Sabre Corporation manages over $260 billion in global travel spend annually, serving a wide range of travel companies.

In how many countries does Sabre operate?

Sabre Corporation provides services in more than 160 countries worldwide.