Welcome to our dedicated page for Sabre news (Ticker: SABR), a resource for investors and traders seeking the latest updates and insights on Sabre stock.
Sabre Corporation (SABR) drives innovation in travel technology through its global distribution systems and enterprise solutions. This news hub provides investors and industry professionals with essential updates about the company’s strategic initiatives, technological advancements, and market position.
Access real-time announcements including earnings reports, partnership developments, and product launches. Our curated collection simplifies tracking Sabre’s progress in enhancing airline operations, hotel revenue management, and travel agency tools through AI-driven platforms.
Key updates cover airline IT modernization, hotel cloud solutions, and distribution network expansions. Stay informed about Sabre’s role in shaping next-generation travel commerce, including New Distribution Capability (NDC) implementations and data analytics innovations.
Bookmark this page for streamlined access to verified Sabre Corporation developments. Check regularly for updates on critical travel technology trends directly impacting global distribution networks and digital transformation initiatives.
Sabre Corporation (Nasdaq: SABR) has announced the pricing of two concurrent public offerings: 3,000,000 shares of 6.50% Series A Mandatory Convertible Preferred Stock at $100.00 each and 35,714,286 shares of common stock at $7.00 each. The offerings will settle on August 24, 2020, with net proceeds expected to be approximately $239.4 million from the common stock offering and $290.3 million from the preferred stock offering. Funds will be used for general corporate purposes. Conversion of preferred shares into common stock is anticipated by September 1, 2023.
On August 18, 2020, Sabre Corporation (Nasdaq: SABR) announced public offerings totaling $500 million, comprising $250 million each of mandatory convertible preferred stock and common stock. The offerings may increase to $575 million if underwriters exercise their overallotment options. Proceeds will fund general corporate purposes. Each preferred share has a liquidation preference of $100.00 and will convert to common stock on September 1, 2023. The offerings are led by Morgan Stanley and BofA Securities.
On August 7, 2020, Sabre Corporation (NASDAQ: SABR) announced the financial results for Q2 2020, with earnings materials now accessible on their Investor Relations webpage. The company plans a live earnings conference call today at 9:00 a.m. ET to discuss these results and address COVID-19's impact on business. Sabre is a leader in software and technology for the global travel industry, managing over $260B in travel spend annually and serving clients in over 160 countries.
Sabre Corporation (NASDAQ: SABR) announced the extension of its global distribution agreement with United Airlines on August 6, 2020. This partnership will enable travel agents to access United's content globally through Sabre's technology, connecting over 425,000 travel agents worldwide as travel restrictions ease. Sabre aims to enhance air content distribution to valuable travelers through its global marketplace, while also collaborating on NDC (New Distribution Capability) to offer personalized offers. This agreement underscores Sabre's commitment to provide optimal retailing and fulfillment solutions to its clients.
Sabre Corporation (NASDAQ: SABR) has entered a multi-year agreement with ASKY Airlines to enhance the airline's technology capabilities. This partnership aims to leverage Sabre's passenger service system and Sabre Commercial Platform to improve shopping, payment systems, and airport operations. ASKY, one of Africa's fastest-growing airlines, intends to use Sabre's Revenue Optimiser for better revenue management. Despite ongoing challenges in global aviation, ASKY seeks growth through innovative technology to enhance passenger experiences and support regional recovery post-Covid-19.
On August 4, 2020, Sabre Corporation (NASDAQ: SABR) announced the renewal of its long-term distribution agreement with Air New Zealand. This renewed agreement will enable Sabre to continue providing global Air New Zealand content to travel agents and corporations through its extensive travel marketplace. The deal includes an opt-in content program for agencies in New Zealand and Australia, enhancing access to Air New Zealand's preferential content. This collaboration aims to support the recovery and growth of the travel industry post-pandemic.
Pacific Airlines and Sabre Corporation (NASDAQ: SABR) announced a strategic agreement to adopt the Sabre Passenger Service System (PSS), enhancing Sabre's position in the Vietnamese aviation market. The partnership aims to support the recovery and growth of the APAC travel industry post-Covid-19. The integrated platform is expected to improve operational efficiencies and enhance the travel experience. With a longstanding relationship, the transition from the legacy system to Sabre's PSS is anticipated to be swift, leveraging technology to maximize revenue and streamline operations.
Sabre Corporation (NASDAQ: SABR) issued a statement on July 27, 2020, addressing misconceptions from a speculative news article regarding its involvement in COVID-19 tracking. The company clarified it has not been requested to participate in such tracking initiatives and emphasized that it complies only with legally valid requests. Sabre, a technology leader in the travel industry, manages over $260B in annual global travel spend, serving clients in over 160 countries.
Sabre Corporation will conduct a live webcast for its second quarter 2020 earnings call on August 7, 2020, at 9:00 a.m. ET. The call will cover financial results and discuss the impact of COVID-19 on its operations. Investors can access the webcast via the Investor Relations section of Sabre's website. The session will last approximately one hour, with a replay available for 90 days post-event. Sabre is a leading technology provider for the global travel industry, managing over $260 billion in travel spend annually.
Sabre Corporation (NASDAQ: SABR) announced significant updates to its executive leadership on July 7, 2020, as part of its ongoing transformation. The leadership changes support a strategic realignment of the company's Travel Solutions business, integrating airline and agency services for improved customer experiences. Key appointments include Dave Shirk as president of Travel Solutions, overseeing product management and strategy, and Wade Jones as chief product officer. The organization aims to enhance service quality and operational efficiency, focusing on next-generation retailing and fulfillment in the travel sector.
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