Sabre reports solid quarter

Sabre reports solid quarter

The impact of recent hurricanes in the US and Caribbean led to a decline in bookings through Sabre in the last quarter.

Booking volumes fell by 1.9% in North America and by the same percentage in Latin America over the same period last year.

However, bookings grew 16% in Europe, Middle East and Africa and 10.8% in Asia Pacific in the three months to September 30.

Overall revenue increased 7.3% year-on-year to $900 million, with net profits more than doubling to $91 million. Airline passengers boarded increased 7.7%

Sabre President and CEO Sean Menke said: “Overall, it was a solid quarter in terms of both performance and execution, which we expect will position us well to achieve our guidance for the full year.

“Our customers need our help not only with efficient, multi-channel distribution, but in implementing new standards and technologies as they prepare for the future.”

He added: “Airlines want to drive revenue and improve customer experiences.

“An end-to-end NDC-enabled solution should allow airlines to leverage deep data-sets including customer profile, market, and ambient information to create dynamic customized offers that resonate with individual travellers from across all distribution channels.

“It’s not about direct versus indirect, it’s about facilitating retailing across all channels, and we expect the GDS, and our agency customers, will continue to have an important role to play.

“Once accepted, these offers become orders that need to be managed and fulfilled.

“Our technology across retailing, revenue optimization, direct and indirect distribution, and PSS-enabled fulfilment, help position us to be the best partner for airlines looking for an end-to-end NDC-enabled solution that delivers both better customer experiences and increased revenues.

“We are also focused on ensuring a solution that meets the needs of our agency partners by enabling efficiency workflows and servicing capabilities critical to their high-value travellers.”

Comments

This is a community-moderated forum.
All post are the individual views of the respective commenter and are not the expressed views of Travel Weekly.
By posting your comments you agree to accept our Terms & Conditions.

More in travel-agents