Home > > Sabre highlights commercial momentum and focused strategy to capitalize on growth opportunities

Sabre highlights commercial momentum and focused strategy to capitalize on growth opportunities

11/03/2021| 10:44:54 PM| 中文

Third quarter revenue totaled $441 million.

Sabre consolidated third quarter revenue totaled $441 million, a 58% improvement versus revenue of $278 million in the third quarter of 2020. The increase in revenue was driven by an increase in global air, hotel and other travel bookings due to continued recovery from the COVID-19 pandemic.

Operating loss was $157 million, a significant improvement versus an operating loss of $233 million in the third quarter of 2020. The improvement in operating results was driven by increased revenue due to the continued recovery from the COVID-19 pandemic, lower depreciation and amortization and a decrease in the provision for expected credit losses. These impacts were partially offset by increased Travel Solutions incentive expenses, Hospitality Solutions transaction-related costs and technology hosting expenses due to volume recovery trends, increased labor and professional service expenses, including internal investments in risk and security, business systems and consulting to support our business strategy, a $14 million increase in recognized stock-based compensation expense primarily due to previously granted performance-based units and a $9 million increase in litigation costs.

Read original article

TAGS: Sabre | financial results | AirCenter
©2021 广州力矩资讯科技有限公司 粤ICP备06070077号
Tell us more about yourself!