The multi-year agreement demonstrates the value of Sabre's distribution channel and both companies' commitment to work together on New Distribution Capability (NDC) SOUTHLAKE, Texas, Aug. 21, 2024 /PRNewswire/ -- Sabre Corporation (NASDAQ: SABR), a leading technology provider to the global travel industry, has finalized a multi-year renewal of its distribution agreement with Delta Air Lines. The long-term agreement enables Sabre-connected travel agents to access both traditional EDIFACT and New Distribution ...

Toronto, Ontario--(Newsfile Corp. - August 15, 2024) - Sabre Gold Mines Corp. (TSX: SGLD) (OTCQB: SGLDF) ("Sabre Gold" or the "Company") wishes to advise that it expects to be affected by the receivership of Victoria Gold Corp. ("Victoria"). Victoria has announced that the Ontario Superior Court of Justice (Commercial List) has granted an order appointing PricewaterhouseCoopers Inc. as the receiver and manager of Victoria including all of its property, assets and undertakings. In September 2023, Sabre Gold ...

The multi-year agreement will provide travel agencies access to the complete range of both NDC offers and traditional content through the Sabre global distribution system SOUTHLAKE, Texas, Aug. 14, 2024 /PRNewswire/ -- Sabre Corporation (NASDAQ: SABR), a leading software and technology company that powers the global travel industry and WestJet, a major carrier based in Canada, have signed a multi-year renewal of their distribution agreement. This agreement will continue to provide Sabre-connected agencies w ...

The new relationship will focus on driving innovation and delivering superior content to travelers SOUTHLAKE, Texas, Aug. 8, 2024 /PRNewswire/ -- Sabre Corporation (NASDAQ: SABR), a leading software and technology provider powering the global travel industry, and Priceline, a leading online travel agency (OTA), today announced a new expanded, multi-year agreement to deliver joint growth in travel retailing. Under the new agreement, Priceline will adopt Sabre Direct Pay to support its travel payments needs, ...

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Sabre ©2024 Sabre GLBL Inc. All rights reserved. 1 Q2 2024 Earnings Report 1 August 2024 Forward-looking statements Forward-looking Statements Certain statements herein are forward-looking statements about trends, future events, uncertainties and our plans and expectations of what may happen in the future. Any statements that are not historical or current facts are forward-looking statements. In many cases, you can identify forward-looking statements by terms such as "guidance," "outlook," "target," "expect ...

Financial Data and Key Metrics Changes - The company reported total revenue of $767 million for Q2 2024, an increase of $30 million or 4% year-over-year [21] - Adjusted EBITDA for Q2 2024 was $129 million, representing a $56 million improvement or 76% increase compared to Q2 2023 [23] - The adjusted EBITDA margin increased from 10% in Q2 2023 to 17% in Q2 2024 [23] - Free cash flow of $8 million was generated in Q2 2024, marking the highest second quarter free cash flow in five years [23] Business Line Data and Key Metrics Changes - Travel Solutions revenue growth was driven by a year-over-year increase in average booking fees and hotel distribution bookings [9] - Hospitality Solutions revenue increased by 9% to $83 million in Q2 2024, with adjusted EBITDA of $10 million and an adjusted EBITDA margin improvement from 6% to 12% [11][22] - Distribution revenue totaled $551 million, a $20 million or 4% increase compared to Q2 2023 [21] Market Data and Key Metrics Changes - Sabre's air distribution bookings declined by 1% year-over-year, while the industry experienced a decline of 2% [9] - Hotel distribution bookings increased by 12% year-over-year, with the hotel attachment rate to air bookings rising from 29% to 33% [16] - Corporate travel volumes were positive for the industry, with Sabre's corporate travel bookings up between 2% and 3% [9] Company Strategy and Development Direction - The company aims to generate positive free cash flow and deleverage its balance sheet, expecting to achieve positive free cash flow in Q3, Q4, and for the full year 2024 [7] - Sabre is focused on sustainable long-term growth, with a strategy to drive innovation and enhance its value proposition through new product offerings like SabreMosaic [8][19] - The company is on track to achieve targeted cost savings of $250 million by 2025 compared to 2023 [8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving revenue and adjusted EBITDA guidance for the full year 2024, citing strong commercial agreements and a rich pipeline [20] - The company anticipates a transition to stronger air distribution bookings growth in the second half of the year, driven by recent commercial wins [28] - Management noted that corporate travel is expected to grow at historic rates of 3% to 5% per year, indicating a positive outlook for the business travel environment [45] Other Important Information - The company has secured significant distribution contracts with North American travel agencies and a long-term agreement with Korea's largest OTA, InterparkTriple [12] - Sabre is expanding its NDC content offerings and has launched new products in hospitality solutions, including SynXis Concierge AI [13][17] Q&A Session All Questions and Answers Question: Guidance maintenance despite airline capacity cuts - Management indicated that the baseline assumption for market growth is flat to nominal growth, expecting stronger air distribution bookings growth in the second half of the year due to recent commercial agreements [28] Question: Leisure softness discussion - Management noted a slight share shift from intermediary channels to direct airline channels, with positive trends observed in Q3 [29][30] Question: Hospitality Solutions segment's strategic profile - Management emphasized the importance of the Hospitality Solutions business, which is experiencing strong growth and expanding revenue and margins [32] Question: GDS market share gain despite air bookings decline - Management clarified that Sabre gained air distribution industry share for the sixth consecutive quarter, with confidence in accelerating share gains starting in Q3 [34] Question: SabreMosaic development status - Management stated that while the offer side of SabreMosaic is well-developed, the order side requires further development and will take several years to fully implement [38] Question: Impact of CrowdStrike on GDS business - Management confirmed that Sabre does not deploy CrowdStrike security, thus not directly impacted, although there may be a tertiary impact [45] Question: Corporate versus leisure travel mix - Management indicated that Sabre has a higher TMC corporate mix compared to competitors, which is expected to benefit from corporate travel growth [55]

Sabre Corporation (SABR) shares were trading approximately 7% higher today after the travel technology solution provider reported better-than-expected second-quarter results and raised guidance for full-year 2024. Sabre reported an adjusted loss of 5 cents per share, narrower than the Zacks Consensus Estimate of a loss of 8 cents per share. Moreover, the figure was narrower than the year-ago quarter's loss of 17 cents per share. The year-over-year improvement in the bottom line reflects the benefits of incr ...

For the quarter ended June 2024, Sabre (SABR) reported revenue of $767.24 million, up 4% over the same period last year. EPS came in at -$0.05, compared to -$0.17 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $750.13 million, representing a surprise of +2.28%. The company delivered an EPS surprise of +28.57%, with the consensus EPS estimate being -$0.07. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how the ...

Sabre (SABR) came out with a quarterly loss of $0.05 per share versus the Zacks Consensus Estimate of a loss of $0.07. This compares to loss of $0.17 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 28.57%. A quarter ago, it was expected that this provider of technology services to the travel industry would post a loss of $0.05 per share when it actually produced a loss of $0.02, delivering a surprise of 60%. Over the last fou ...