Sabre Corp Stock Price, News & Analysis

Avianca Group has become the first Latin American airline to distribute its New Distribution Capability (NDC) content via Sabre's marketplace. The rollout, which began on August 1, 2022, will expand to over 50 countries including Canada, France, and Mexico by August 15. This move allows travel agencies and partners to access Avianca's NDC offerings through Sabre's platforms, enhancing efficiency and service. The transition follows successful pilot phases in Brazil, El Salvador, and the U.S., with Sabre collaborating with over 25 airlines to distribute NDC content globally.

Sabre Corporation (NASDAQ: SABR) announced the appointment of Chadwick Ho as its new Executive Vice President and Chief Legal Officer, effective next month. Ho, previously at The Walt Disney Company and Hulu, brings over 20 years of legal experience in the technology sector. Reporting to Sean Menke, he will oversee all legal aspects within the company, contributing to Sabre's strategic priorities aimed at achieving long-term profitable growth. Menke expressed confidence in Ho's leadership during this critical period for the company.

On August 4, 2022, Sabre Corporation (NASDAQ: SABR) announced a distribution agreement with Cain Travel, enhancing services for their global clientele. This partnership enables Cain Travel to utilize Sabre's global distribution system, gaining access to over 400 airlines and 750,000 hotel properties. The collaboration aims to improve operational efficiencies and revenue growth while leveraging advanced technologies. Cain Travel's president, Michael Cain, emphasized Sabre's technology as a key factor in their decision, particularly its NDC strategy, which is set to enhance customer personalization.

Sabre Corporation (NASDAQ: SABR) reported its financial results for Q2 2022, with details available on its Investor Relations website. A live earnings conference call is scheduled for Aug. 2, 2022, at 9:00 a.m. ET, where management will discuss the results and future outlook. Sabre is a key player in the global travel industry, managing over $260B in travel spend annually and serving clients in over 160 countries.

Sabre Corporation (NASDAQ: SABR) announced the appointment of Garry Wiseman as its new Chief Product Officer, effective August 1, 2022, following the departure of Wade Jones after a transition period. Jones has played a crucial role in shaping Sabre’s product strategy over the past seven years. Wiseman brings over 25 years of expertise from leading tech companies, including Dell and Salesforce, and aims to enhance Sabre's product offerings and customer experience as the travel industry evolves.

Sabre Corporation (NASDAQ: SABR) announced the retirement of its CFO Doug Barnett, effective August 22, 2022. Barnett, who joined in 2018, played a key role in strengthening the company's financial position during the COVID-19 pandemic. He will be succeeded by Mike Randolfi, an experienced financial leader from BFA Industries, with a proven background in the travel and technology sectors. Randolfi joins on August 22, while Barnett will remain until October 30 for a transition period. This leadership change is seen as a strategic move to enhance Sabre's execution of its long-term plans.

Sabre Corporation (NASDAQ: SABR) declared a dividend of $1.625 per share on its 6.50% Series A Mandatory Convertible Preferred Stock.

The dividend will be payable on September 1, 2022, to shareholders of record as of August 15, 2022. This move reflects Sabre's ongoing commitment to returning value to its investors while continuing to support its operations in the global travel industry, where it manages over $260B in travel spend annually.

ANA HOLDINGS INC. has launched a new airline brand, AirJapan, which will utilize the complete suite of Radixx products, including Radixx Res Passenger Service System, to enhance international travel services. This partnership aims to blend quality full-service and low-cost airline offerings, focusing on medium-haul routes. AirJapan will introduce a unique service concept, ensuring a distinguished passenger experience. The relationship between Sabre's Radixx and AirJapan is expected to bolster operational efficiency and revenue optimization through advanced analytics and mobile solutions.

Sabre Corporation announced a significant three-year distribution agreement with Avianca, Colombia's largest airline, on July 19, 2022. This partnership will allow the airline to leverage Sabre's global distribution system (GDS) and provide its content, including New Distribution Capability (NDC) offers, to travel agencies worldwide. The collaboration aims to enhance revenue growth and broadens Avianca's market reach, reflecting the industry's shift towards NDC for more dynamic distribution solutions. Sabre currently supports over 3,000 agencies accessing NDC content through its marketplace.