American Airlines renews subscription with Sabre PRISM

Rhea-AI Summary

Sabre (NASDAQ: SABR) announced that American Airlines has renewed its subscription to PRISM, Sabre's leading corporate travel contract management solution. PRISM is a business intelligence tool used by over 30 premier airlines, providing data analytics, reporting, and services to optimize corporate travel contracts.

Key highlights:

• PRISM processed over 2 million corporate flight bookings in 2023
• It ingests data from more than 5,000 international sources
• Offers 350+ preformatted reports with thousands of data configurations
• Provides 24/7 self-service access to analytics and reporting

This renewal underscores the importance of data-driven decision-making in optimizing corporate travel contracts as the industry recovers.

Positive

• Renewal of subscription by major client American Airlines
• PRISM is used by over 30 premier airlines globally
• Processed over 2 million individual corporate flight bookings in 2023
• Offers 350+ preformatted reports with thousands of data configurations
• Provides 24/7 self-service access to analytics and reporting

Negative

• None.

News Market Reaction

+1.98%

1 alert

+1.98% News Effect

On the day this news was published, SABR gained 1.98%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

SOUTHLAKE, Texas, July 30, 2024 /PRNewswire/ -- Sabre (NASDAQ: SABR), a leading software and technology company powering the global travel industry, today announced that American Airlines has renewed its subscription to PRISM, Sabre's industry-leading corporate travel contract management solution used by more than 30 of the world's premier airlines.

PRISM is a powerful business intelligence solution that goes beyond a simple data feed, providing robust data analytics as well as reporting and services to help airlines optimize their corporate travel contracts.

"We are pleased to renew our longstanding partnership of Sabre's PRISM product," Scott Laurence, SVP Sales and Partnerships of American Airlines. "We are committed to our corporate customers and PRISM analytics enables our teams to plan, execute and measure our corporate contracts."

A truly global tool with international customers and data sources, PRISM ingests data from more than 5,000 sources internationally with more than 2 million individual corporate flight bookings processed in 2023. PRISM provides uniquely valuable insights and analytics including robust contract profit modeling and performance reporting, as well as more than 350 preformatted reports containing 1,000s of different data configurations. 

"As corporate travel continues to recover, it is more important than ever that airlines are able to optimize their corporate travel contracts with robust data and science-based decision-making," said Darren Rickey, Senior Vice President, Global Airline Sales and Account Management, Sabre Travel Solutions.  "American Airlines' corporate travelers expect the best and PRISM analytics provides reliable data to keep their corporate account management competitive and ultimately help create the best customer facing experience end-to-end."

Additionally, Sabre offers PRISM customers on-demand 24/7, self-service access to analytics and reporting, as well as in-house technical and development support, helping to ensure accurate and timely data files and enabling custom development support for customers.

About Sabre Corporation  
Sabre Corporation is a software and technology company that takes on the biggest opportunities and solves the most complex challenges in travel. The Company connects travel suppliers and buyers around the globe and across the ecosystem through innovative products and next-generation technology solutions. Sabre harnesses speed, scale and insights to build tomorrow's technology today – empowering airlines, hoteliers, agencies and other partners to retail, distribute and fulfill travel worldwide. 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

Media Contacts:

Kristin Hays
Kristin.hays@sabre.com

Heidi Castle
heidi.castle@sabre.com

Investor Contact:

Brian Roberts
sabre.investorrelations@sabre.com

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/american-airlines-renews-subscription-with-sabre-prism-302209484.html

SOURCE Sabre Corporation

FAQ

What is the significance of American Airlines renewing its PRISM subscription with Sabre (SABR)?

The renewal signifies the continued value of Sabre's PRISM solution for American Airlines in managing corporate travel contracts. It demonstrates the effectiveness of PRISM's data analytics and reporting capabilities in optimizing corporate agreements for one of the world's largest airlines.

How many airlines use Sabre's PRISM solution as of July 2024?

According to the press release, more than 30 of the world's premier airlines use Sabre's PRISM solution for corporate travel contract management.

What volume of corporate flight bookings did SABR's PRISM process in 2023?

In 2023, Sabre's PRISM processed more than 2 million individual corporate flight bookings.

What unique features does Sabre (SABR) offer to PRISM customers?

Sabre offers PRISM customers on-demand 24/7 self-service access to analytics and reporting, in-house technical and development support, and custom development support. PRISM also provides contract profit modeling, performance reporting, and over 350 preformatted reports.