- 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