Sabre Corp Stock Price, News & Analysis

On Nov. 3, 2021, Sabre Corporation (NASDAQ: SABR), unveiled its Retail Intelligence suite, featuring Sabre Air Price IQ™ and Sabre Ancillary IQ™. These products leverage Google Cloud's AI and machine learning to enhance airlines' pricing agility and personalize travel offers. Sabre aims to modernize travel retailing, addressing evolving traveler expectations through data-driven solutions that maximize revenue. The strategic partnership with Google strengthens its offering, enabling airlines to respond to market dynamics, improve customer satisfaction, and drive incremental revenue opportunities.

Sabre Corporation (NASDAQ: SABR) has announced its financial results for Q3 2021. Details are available on its Investor Relations webpage. The company will host a live earnings conference call today at 9:00 a.m. ET to discuss results and the ongoing impact of COVID-19. Sabre, a leading technology company in the travel industry, manages over $260 billion in global travel spend annually, serving more than 160 countries. For more information, visit investors.sabre.com.

CAE has agreed to acquire Sabre's AirCentre airline operations portfolio for US$392.5 million. The deal includes AirCentre's flight and crew management solutions and its 500 employees. In 2019, AirCentre reported approximately US$150 million in revenue and US$55 million in EBITDA. This acquisition aims to enhance CAE's digital flight operations and is expected to be EPS accretive in the first year. For Sabre, this divestiture aligns with its strategic initiatives, allowing it to focus on growth opportunities.

CAE has announced an agreement to acquire Sabre's AirCentre airline operations portfolio for US$392.5 million, aiming to enhance its digital flight operations capabilities. The AirCentre portfolio, which generated approximately US$150 million in revenue and US$55 million EBITDA in 2019, will add 500 skilled employees to CAE's workforce. The acquisition is projected to be accretive to CAE’s earnings per share and free cash flow in the first year post-closing, expected in early 2022.

Sabre Corporation (NASDAQ: SABR) will host a live webcast for its third quarter 2021 earnings conference call on November 2, 2021, at 9:00 a.m. ET. The call will address financial results and discuss COVID-19's impact on the business. Investors can access the live audio webcast through the Investor Relations section of Sabre's website, with a replay available for 90 days. Sabre is a leading technology provider for the global travel industry, managing over $260 billion in travel spend annually, and serves customers in over 160 countries.

On October 19, 2021, Sabre Corporation announced a dividend of $1.625 per share on its 6.50% Series A Mandatory Convertible Preferred Stock. The dividend is payable on December 1, 2021 to shareholders on record as of November 15, 2021. Sabre Corporation, a leader in travel technology, facilitates a global marketplace that manages over $260B in travel spend annually, supporting travel companies worldwide.

On October 5, 2021, Sabre Corporation announced a multi-year distribution agreement with Emirates. The pact will enable Sabre-connected travel buyers and agencies immediate access to Emirates' content via Sabre's global distribution system (GDS). Additionally, Emirates will distribute NDC offers through this GDS, aiming to streamline the buying process and enhance the travel experience. The partnership emphasizes support for personalized offers and advanced retailing, contributing to revenue growth for both parties.

Sabre Corporation (NASDAQ: SABR) announced the general release of its SynXis Property Hub, a cloud-native property management system aimed at enhancing guest experiences in the hospitality sector. Implemented across more than 450 properties, this system centralizes content, rates, and workflows, improving operational efficiency. With intuitive design, it accelerates routine task execution and employee onboarding. Initially deployed in over 90 Wyndham Hotels & Resorts in North America, Sabre plans to expand this technology significantly over the next year, emphasizing its commitment to improving hotel operations and guest personalization.

Sabre Corporation (NASDAQ: SABR) announced an enhanced partnership with Shiji Distribution Solutions to improve access for hoteliers to the Chinese travel market. The collaboration will allow Sabre's hospitality partners to connect through the Sabre SynXis platform, targeting Chinese travelers across various booking channels. This development aims to increase brand awareness and drive bookings for hotels in Greater China. The integration simplifies distribution for hotel offers and pricing, enabling quicker reactions to market changes and expanding reach in a highly competitive travel landscape.