SOUTHLAKE, Texas, October 31, 2017 – Sabre Corporation (“Sabre” or the “Company”) (NASDAQ: SABR) today announced financial results for the quarter ended September 30, 2017.
“We executed well this quarter with renewed focus and better organizational alignment and, as a result, delivered solid growth and profitability,” said Sean Menke, Sabre president and CEO. “For the third quarter, Airline and Hospitality Solutions grew 4.8%, supported by 7.7% passengers boarded growth on a consistent carrier basis and Hospitality Solutions growth in the mid-teens. Travel Network revenue increased 8.6% supported by bookings growth in higher value markets, like EMEA, and growth in Asia-Pacific as we ramp up our implementation at a key agency customer.”
Mr. Menke continued, “Overall, it was a solid quarter in terms of both performance and execution, which we expect will position us well to achieve our guidance for the full year. As we hit the homestretch of the fourth quarter, we remain steadfast in our efforts to bring increased focus and discipline to the organization, while we continue to invest with the clear objective to be a leading technology partner to the travel industry. Our customers need our help not only 2
with efficient, multi-channel distribution, but in implementing new standards and technologies as they prepare for the future. This is an exciting time for Sabre as the platform at the center of the business of travel.”
Read full report: PRESS RELEASE – Sabre Reports Third Quarter 2017 Results