Vietnam Airlines chooses Sabre's Network Planning and Optimization technology to support global growth
Rhea-AI Summary
Vietnam Airlines has selected Sabre 's (NASDAQ: SABR) Network Planning and Optimization technology to support its global expansion plans. The airline has recently expanded routes to the US, Germany, India, Italy, and the Philippines, with plans to explore new destinations across Europe, US, Canada, Australia, and Asia.
The carrier has chosen multiple Sabre tools including Fleet Manager for capacity optimization, Profit Manager for network profitability forecasting, Network Manager for hub and codeshare planning, and Schedule Manager for revenue-driven scheduling. Vietnam Airlines already utilizes Sabre's global travel marketplace for fare distribution.
Positive
- New partnership expands Sabre's market presence in Asia-Pacific region
- Multiple product adoption indicates strong client commitment
- Builds upon existing relationship with Vietnam Airlines through travel marketplace
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, SABR declined 4.78%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
With big plans for international expansion,
"As we prepare to expand our global network, having the right technology to guide smart, data-driven decisions is essential," said Mr. Nguyen Quang Trung, Director of Corporate Planning and Development at Vietnam Airlines. "Sabre's Network Planning and Optimization tools will help us pinpoint profitable routes, create optimized schedules, and stay agile in a dynamic environment – enabling us to deliver greater value for both our passengers and our business."
Vietnam Airlines has chosen Sabre's Fleet Manager to match capacity and aircraft type with demand, Profit Manager to accurately forecast and maximize network profitability, Network Manager to achieve hub optimization and enhanced codeshare planning, and Schedule Manager to deliver revenue-driven schedules across its network. The airline also already distributes its fares and offers through Sabre's global travel marketplace.
"We're excited to support Vietnam Airlines to enable their ambitious growth and operational success," said Rakesh Narayanan, Vice President, Regional General Manager,
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,
About Vietnam Airlines
Vietnam Airlines, a member of Skyteam Alliance, is the flag carrier of
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Media Contacts:
Cassidy Smith-Broyles
Cassidy.Smith-Broyles@sabre.com
Elizabeth Hands
Liz.Hands@sabre.com
Investors
Brian Evans
sabre.investorrelations@sabre.com
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SOURCE Sabre Corporation
