Sabre Corp Stock Price, News & Analysis

Sabre (NASDAQ: SABR) announced a multi-year renewal of JetBlue's agreement for SabreSonic Passenger Service System (PSS) and Global Distribution System (GDS), emphasizing the ongoing partnership aimed at enhancing JetBlue's retailing strategy. This renewal includes the adoption of Sabre’s Digital Connect and Digital Experience solutions, which will improve customer booking experiences. Additionally, JetBlue will renew its PRISM subscription to optimize corporate sales data and drive revenue. The partnership supports JetBlue’s growth and digital modernization, with Sabre's technology managing over $260B in global travel spend annually.

Sabre Corporation (NASDAQ: SABR) has entered a multi-year strategic technology agreement with Simplenight, making Sabre's Virtual Payments the exclusive B2B payment provider for Simplenight. This partnership aims to enhance Simplenight's booking solutions, leveraging Sabre's extensive travel ecosystem and content across over 30 categories. Simplenight will benefit from improved payment flexibility, security, and automation. The deal underscores a commitment to technology innovation in the travel industry, aiming to boost customer loyalty and revenue growth.

Sabre Corporation has appointed Jason Lalor as the Chief Executive Officer of Conferma Pay following its acquisition in August 2022. Lalor, who has over 20 years of experience in fintech, previously led Square's European operations and held significant roles at Mastercard. His appointment comes as Conferma Pay seeks to enhance its capabilities in virtual card payments, a key aspect of the travel industry. With Lalor's leadership, the company aims to accelerate the digitization of business-to-business travel payments, leveraging new partnerships with Sabre and Mastercard to transform the payment experience.

Sabre Corporation (NASDAQ: SABR) will host a webcast for its fourth quarter and full year 2022 earnings conference call on February 15, 2023, at 9:00 a.m. ET. During this call, management will discuss financial results and the forward outlook. The webcast will last approximately one hour and will be accessible on Sabre's Investor Relations website. Sabre is a prominent software and technology provider in the global travel industry, managing over $260 billion in travel spend annually. The company serves clients in over 160 countries, offering solutions that enhance operational efficiency and personalized traveler experiences.

On February 1, 2023, Sabre Corporation (NASDAQ: SABR) announced a dividend of $1.625 per share on its 6.50% Series A Mandatory Convertible Preferred Stock. This dividend is payable on March 1, 2023 to shareholders on record as of February 15, 2023. Sabre is a leading technology company that serves the global travel industry, managing over $260B in annual travel spend and providing solutions to airlines, hotels, and travel agencies worldwide.

Sabre Corporation (NASDAQ: SABR), a leading technology provider in the global travel industry, has recently been awarded the Best Company Culture and Best CEO honors by Comparably. The recognition places Sabre among the top 50 out of 70,000 companies evaluated. The awards reflect employee feedback on various aspects including leadership and work environment. CEO Sean Menke's leadership has been pivotal in enhancing Sabre's position in the travel technology sector. The company emphasizes an inclusive culture and innovative policies like the Work From Anywhere initiative, supporting a robust employee experience.

Sabre Corporation (SABR) has entered a multi-year agreement with AirTrip International, enhancing the online travel agent's capabilities in Japan. This partnership allows AirTrip to leverage Sabre's advanced distribution technology and algorithms to improve its outbound business. Utilizing Sabre's Bargain Finder Max API, AirTrip can offer customized booking experiences tailored to consumer preferences. As travel demand recovers in Japan, this collaboration positions AirTrip to capitalize on growth opportunities while delivering superior travel solutions.

Sabre Corporation (NASDAQ: SABR) has partnered with Mastercard to enhance virtual card usage for B2B travel payments, following its acquisition of Conferma Pay in August 2022. This collaboration aims to create an efficient travel payment ecosystem by addressing B2B payment challenges and improving tracking and reconciliation of payments. Mastercard will make a minority investment in Conferma Pay, which connects issuers to over 700 travel management companies. The integration aims to provide secure, automated payment solutions and foster innovation in travel payments.

Sabre Corporation announced the upsizing and pricing of a $555 million offering of 11.250% senior secured notes due 2027, increasing by $20 million from the previous amount. The sale is expected to close on December 6, 2022. Interest on the notes will be paid semi-annually, and the net proceeds will be used to repay approximately $536 million of existing debt due in 2024. The offering is being made to qualified institutional buyers and non-U.S. persons. The notes will be secured by a first-priority interest in substantially all of Sabre GLBL's assets.