Sabre’s Slow Recovery Gets Lift From Pandemic Booking Milestone
Photo Credit: Sabre renewed its partnership with American Airlines, the company reported during its third quarter earnings call. Wikimedia Commons / TJDarmstadt
Skift Take
Business is still not close to where it was in 2019, but it's getting there — slowly.
Even as it grapples with a slow recovery, Sabre reported September as its strongest month for air booking volumes since the start of the pandemic primarily because of increased international travel.
The Texas-based airfare distribution and airline operational software company shared the update during a quarterly earnings call on Wednesday.
The company reported 68.8 million air bookings in the third quarter, a 47 percent increase from the previous year and a 59 percent recovery compared to 2019. Much of that has come from recovery in the Asia Pacific region, said CEO Sean Menke during the call.
Sabre’s business primarily relies on business and corporate travel, especially international or long-haul travel, which has been slower to rebound.
The company is still struggling financially following the pandemic downturn, however, with a $140.7 million net loss this quarter attributable to common stockholders. B
