Sabre Reports Quarterly Financial Results
SOUTHLAKE, TX, USA - Sabre Corporation (NASDAQ: SABR), a global leader in travel technology solutions, reported its third quarter 2016 financial results this week.
The company reports results in two business segments: Travel Network, a global travel marketplace that connects more than 425,000 travel agents in more than 160 countries with airlines, hotels, car hire, cruise lines, tour operators and other travel suppliers across the world, and the Airline and Hospitality Solutions business, which provides technology software solutions and consulting to the global airline and hospitality industries.
Sabre President and CEO Tom Klein told investors that while consolidated revenue and earnings growth rates did not meet the standards set for the business, most aspects of underlying business performance remained strong.
For the third quarter 2016, highlights included:
Third quarter revenue increased 6.9 percentAirline and Hospitality Solutions revenue improved 19.8 percent
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