SABR

LATAM adopts Sabre's intelligent solution Air Price IQ

Retrieved on: 
Tuesday, April 9, 2024
Cloud, Google Cloud, Partnership, Travel, Artificial intelligence, Customer, Sabre Corporation, AI, LATAM Airlines Group, SABR, Machine learning, LATAM, Airline

SOUTHLAKE, Texas, April 9, 2024 /PRNewswire/ -- LATAM Airlines Group and Sabre Corporation (NASDAQ: SABR), a leading software and technology provider that powers the global travel industry, today announced the carrier's adoption of Sabre Air Price IQ™, an intelligent solution that is part of Sabre's Retail Intelligence suite.

Key Points: 
  • SOUTHLAKE, Texas, April 9, 2024 /PRNewswire/ -- LATAM Airlines Group and Sabre Corporation (NASDAQ: SABR), a leading software and technology provider that powers the global travel industry, today announced the carrier's adoption of Sabre Air Price IQ™, an intelligent solution that is part of Sabre's Retail Intelligence suite.
  • Our partnership with Sabre can help us bring the right offers to the right travelers at the right time by using intelligent systems like Air Price IQ," said Rosario Phillips, vice president of Customer and Commercial Solutions, LATAM Airlines Group.
  • Considering customer segmentation and travel purpose, Air Price IQ supports airlines in their efforts to provide a seamless experience to its travelers while maximizing revenue opportunities.
  • Air Price IQ helps them improve pricing precision by analyzing marketplace, pricing and revenue management strategies, as well as booking velocity.

Sabre expands its accounts receivable securitization facility to $235 million and increases liquidity

Retrieved on: 
Tuesday, April 2, 2024
Exchangeable, Growth, PNC Financial Services, Sabre Corporation, PNC, Senior, SABR, Debt-to-GDP ratio, FILO, Bank

SOUTHLAKE, Texas, April 2, 2024 /PRNewswire/ -- Sabre Corporation (NASDAQ: SABR) ("Sabre" or the "Company"), a leading technology provider to the global travel industry, today announced that its indirect subsidiary, Sabre Securitization LLC, has increased the overall size of its existing accounts receivable securitization facility (the "AR Facility") from $200 million to $235 million and extended its maturity date to March 2027. The AR Facility now consists of a fully-funded $120 million "first-in, last-out" tranche (the "FILO Facility"), provided by various entities advised by affiliates of Centerbridge Partners, L.P. ("Centerbridge"), and a $115 million revolving tranche provided by the existing lender, PNC Bank N.A. ("PNC"). PNC will continue to act as the administrative agent.

Key Points: 
  • SOUTHLAKE, Texas, April 2, 2024 /PRNewswire/ -- Sabre Corporation (NASDAQ: SABR) ("Sabre" or the "Company"), a leading technology provider to the global travel industry, today announced that its indirect subsidiary, Sabre Securitization LLC, has increased the overall size of its existing accounts receivable securitization facility (the "AR Facility") from $200 million to $235 million and extended its maturity date to March 2027.
  • The transactions described above, including the establishment of the FILO Facility, increased the drawn amount under the AR Facility from approximately $120 million immediately prior to the transactions to approximately $232 million immediately after the transactions.
  • As a result of execution of these transactions and closing of the FILO Facility and amended AR facility, Sabre has reduced its 2025 funded debt maturities by over $300 million and increased its liquidity by over $70 million.
  • Together with the 2023 transactions, Sabre has refinanced approximately $1,832 million, or almost 90%, of the debt that was previously maturing in 2025.

HotelREZ and Sabre Renew Decade-Long Technology Partnership

Retrieved on: 
Tuesday, March 26, 2024
Partnership, GDS, Sabre Corporation, SABR, Sabre, Online shopping

SOUTHLAKE, Texas, March 26, 2024 /PRNewswire/ -- Sabre Corporation (NASDAQ: SABR), a leading software and technology provider powering the global travel industry, announced the renewal of the longstanding technology partnership between HotelREZ , one of the world's largest and fastest growing hotel representation companies, dedicated to connecting independent properties with bookers worldwide, and Sabre Hospitality.

Key Points: 
  • SOUTHLAKE, Texas, March 26, 2024 /PRNewswire/ -- Sabre Corporation (NASDAQ: SABR), a leading software and technology provider powering the global travel industry, announced the renewal of the longstanding technology partnership between HotelREZ , one of the world's largest and fastest growing hotel representation companies, dedicated to connecting independent properties with bookers worldwide, and Sabre Hospitality.
  • This renewal reaffirms HotelREZ and Sabre's mutual commitment to leveraging both companies' strengths, combining Sabre Hospitality's cutting-edge technology with HotelREZ's unparalleled representation services.
  • "Sabre's advanced technology and customer-centric approach aligns seamlessly with HotelREZ's vision and roadmap solidifying our collaborative partnership."
  • By leveraging Sabre's technology solutions, HotelREZ customers will benefit from Sabre Hospitality's SynXis Platform and distribution technology to promote their content to hundreds of thousands of travel agents globally.

Sabre announces Sabre Red Launchpad™, a new booking solution for travel agencies with launch partner Internova Travel Group

Retrieved on: 
Monday, March 11, 2024
Consultant, GUI, Travel, GDS, Sabre Corporation, SNAP, XML, NDC, Atmosphere, Product management, SABR, Language, Online shopping

SOUTHLAKE, Texas, March 11, 2024 /PRNewswire/ -- Sabre Corporation (NASDAQ: SABR), a leading software and technology provider powering the global travel industry, announced the development of a new booking solution, Sabre Red Launchpad™, designed for new or independent travel consultants.  Sabre developed Sabre Red Launchpad, an extension of Sabre Red 360, with launch partner Internova Travel Group, one the world's largest travel services companies.

Key Points: 
  • Sabre developed Sabre Red Launchpad, an extension of Sabre Red 360, with launch partner Internova Travel Group, one the world's largest travel services companies.
  • "Sabre Red Launchpad expands the Sabre Red toolkit," said Kathy Morgan, Vice President of Product Management, Distribution Experience, Sabre Travel Solutions.
  • Sabre Red Launchpad co-exists alongside Sabre's existing agency booking solution, Sabre Red 360.
  • If complex servicing needs arise, Sabre Red Launchpad users can hand-off bookings seamlessly to teammates working in Sabre Red 360.

Sabre Announces Exchange of Approximately $43.6 Million of Existing Senior Secured Notes due in 2025 for Additional 8.625% Senior Secured Notes due 2027

Retrieved on: 
Friday, March 8, 2024
Exchange, Senior, Sabre Corporation, Person, Note, Sabre, The, SABR, Latham & Watkins, Partner, Security (finance)

The 2027 Notes issued in the Exchange constitute an additional issuance by Sabre GLBL of the 2027 Notes, of which approximately $853 million was issued on September 7, 2023.

Key Points: 
  • The 2027 Notes issued in the Exchange constitute an additional issuance by Sabre GLBL of the 2027 Notes, of which approximately $853 million was issued on September 7, 2023.
  • The 2027 Notes issued in the Exchange form a single series with, and are fungible with, the existing 2027 Notes.
  • Following completion of the Exchange, the aggregate outstanding principal amount of Sabre GLBL's  7.375% Senior Secured Notes due 2025 is approximately $26.8 million,  the aggregate outstanding principal amount of Sabre GLBL's 9.250% Senior Secured Notes due 2025 is approximately $31.5 million, and the aggregate principal amount of the 2027 Notes outstanding is approximately $903.1 million.
  • Neither Sabre nor Sabre GLBL received any cash proceeds from the issuance of the 2027 Notes pursuant to the Exchange.

Sabre Elects Gail Mandel to Become Chair of its Board of Directors

Retrieved on: 
Tuesday, March 5, 2024
Corporate governance, Mandel, Compensated emancipation, Sabre Corporation, Chairperson, Travel + Leisure Co., Committee, SABR, Travel, Partnership, Management

SOUTHLAKE, Texas, March 5, 2024 /PRNewswire/ -- Sabre Corporation (NASDAQ: SABR), a leading technology provider to the global travel industry, today announced the election of Gail Mandel, former Wyndham Worldwide executive and existing Sabre Board member, to become non-executive Chair of the Board. Mandel has served on Sabre's Board since April 2020. Her appointment as Chair of the Board will be effective at the company's 2024 Annual Meeting, scheduled for April 24, 2024.

Key Points: 
  • SOUTHLAKE, Texas, March 5, 2024 /PRNewswire/ -- Sabre Corporation (NASDAQ: SABR), a leading technology provider to the global travel industry, today announced the election of Gail Mandel, former Wyndham Worldwide executive and existing Sabre Board member, to become non-executive Chair of the Board.
  • Her appointment as Chair of the Board will be effective at the company's 2024 Annual Meeting, scheduled for April 24, 2024.
  • "I am thrilled to serve as Chair of Sabre's Board at this important phase of the company's strategic transformation," said Mandel.
  • In addition to serving as Chair of the Board, Mandel will serve as Chair of the Corporate Governance and Nominating Committee and as a member of the Compensation Committee.

Sabre is first GDS to power NDC for SAP Concur and the corporate travelers it serves

Retrieved on: 
Wednesday, February 28, 2024
Sabre, SAP Concur, Chloride, Attention, Sabre Corporation, International Air Transport Association, GDS, SABR, NDC, Travel, Online shopping

Since SAP Concur integrated Sabre's Offer and Order APIs in the fourth quarter of 2023, TMCs and corporations using Concur® Travel are able to shop, book, fulfil and service NDC content from a growing number of carriers via the Sabre GDS.

Key Points: 
  • Since SAP Concur integrated Sabre's Offer and Order APIs in the fourth quarter of 2023, TMCs and corporations using Concur® Travel are able to shop, book, fulfil and service NDC content from a growing number of carriers via the Sabre GDS.
  • "To make NDC scale, all links in the travel value chain have to evolve if the industry is to achieve the full potential of NDC.
  • "We're excited to be the first GDS that powers NDC for SAP Concur and the corporate travelers they serve."
  • By making Sabre-sourced NDC content available to its customers and users, SAP Concur can help accelerate the industry's shift from traditional EDIFACT to NDC distribution.

Duluth Travel signs new GDS agreement with Sabre to help serve Federal Government Agencies

Retrieved on: 
Thursday, February 22, 2024
Senior, Sabre Corporation, GDS, SABR, Veteran, National security, Travel, Airline

SOUTHLAKE, Texas, Feb. 22, 2024 /PRNewswire/ -- Sabre Corporation (NASDAQ: SABR), a leading software and technology provider powering the global travel industry, today announced a new multi-year agreement with Duluth Travel, a Service Disabled Veteran Owned travel management company and a leader in the Government travel sector.

Key Points: 
  • SOUTHLAKE, Texas, Feb. 22, 2024 /PRNewswire/ -- Sabre Corporation (NASDAQ: SABR), a leading software and technology provider powering the global travel industry, today announced a new multi-year agreement with Duluth Travel, a Service Disabled Veteran Owned travel management company and a leader in the Government travel sector.
  • The new agreement will enable Duluth travel to access the robust travel content in the Sabre travel marketplace, helping to drive efficiencies and support its revenue growth goals.
  • "We are thrilled to be a Sabre partner and we look forward to tremendous growth over the next few years," said Arthur Salus, CEO, Duluth Travel.
  • "We have experienced a seamless transition in product delivery with Sabre," said Johnny Suleiman, Chief Operating Officer, Duluth Travel.

Sabre's fourth quarter and full year 2023 earnings materials available on its Investor Relations website

Retrieved on: 
Thursday, February 15, 2024
Security (finance), Sabre Corporation, Comment, Webcast, SABR, Online shopping

Sabre has posted its fourth quarter and full year 2023 earnings release and earnings presentation to its Investor Relations webpage at investors.sabre.com/financial-information/quarterly results .

Key Points: 
  • Sabre has posted its fourth quarter and full year 2023 earnings release and earnings presentation to its Investor Relations webpage at investors.sabre.com/financial-information/quarterly results .
  • The earnings release is also available on the Securities and Exchange Commission's website at www.sec.gov .
  • As previously announced, Sabre will host a live webcast of its fourth quarter and full year 2023 earnings conference call today at 9:00 a.m.
  • The webcast is expected to last approximately one hour and will be accessible by visiting the Investor Relations section of Sabre's website at investors.sabre.com .

Riyadh Air elevates planning efficiency through strategic partnership with Sabre

Retrieved on: 
Monday, February 12, 2024
Analytics, Analysis, Growth, Airport, Commercial, Atmosphere of Earth, Sabre Corporation, SABR, Data analysis, Kingdom, GDD, Partnership, Airline

RIYADH, Saudi Arabia and SOUTHLAKE, Texas, Feb. 12, 2024 /PRNewswire/ -- Riyadh Air, the new national airline of the Kingdom of Saudi Arabia that's shaping the future of flying, announces a fundamental collaboration with Sabre Corporation (NASDAQ: SABR), a leading software and technology provider powering the global travel industry. This strategic partnership underscores Riyadh Air's commitment to enhancing operational efficiency and driving incremental revenue gains through Sabre's end-to-end Network Planning and Optimization solutions. Sabre Network Planning and Optimization solutions empower collaborative and intelligent decision-making, ensuring airlines can optimally design their networks, accurately forecast demand, and profitably schedule and allocate available capacity.

Key Points: 
  • This strategic partnership underscores Riyadh Air's commitment to enhancing operational efficiency and driving incremental revenue gains through Sabre's end-to-end Network Planning and Optimization solutions.
  • Under this groundbreaking deal, Riyadh Air has chosen Sabre's comprehensive suite of solutions, including Sabre Schedule Manager, Sabre Slot Manager, Sabre Profit Manager, and Sabre Market Intelligence – Global Demand Data (GDD) to achieve its strategic goals and drive its vision.
  • Sabre Market Intelligence - GDD connects Riyadh Air to robust market data and provides advanced data analysis capabilities across multiple areas, including Network Planning and Optimization.
  • This strategic alliance between Riyadh Air and Sabre signifies a commitment to leveraging cutting-edge technology for sustainable growth, improved efficiency, and enhanced profitability.