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Sabre reports modest recovery till date in June

Jun. 24, 2020 1:35 PM ETSABRBy: Manshi Mamtora, CFA
  • Sabre Corporation (SABR -8.9%) reports gross air bookings in April and May were down 90% Y/Y, while net air bookings were negative due to cancellations.
  • Gross hotel central reservation system transactions are down approximately 60% Y/Y.
  • The modest improvement seen in June is led by North America, which has outpaced other regions of the world, including Europe.
  • Previously: Sabre to cut another 800 jobs in realignment

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