Cost control to remain Sabre priority
Sabre EMEA vice president Chris Kroeger (left) has told TravelMole that the company will be continuing to keep a close eye on costs for the foreseeable future.
It follows the publication of the GDS firm’s Q2 results last week which show that total revenues from continuing operations for the three month period were $533 million, down 8.5% on the same quarter in 2001.
Total global travel bookings were down 10.3% for the period. The US was the hardest hit with bookings falling by 15% year over year during the quarter, while elsewhere bookings were down by 3.9%.
Revenues from the travel marketing and distribution business were down 10.9% to $416 million for the three month period.
Mr Kroeger said: “Demand is not coming back as fast as we had expected but we have got our costs under control. We had to make some tough decisions to make that happen.
“We’re still very confident that over time demand will return. If you look globally Europe is bouncing back faster than some other market places. It’s on a path to return, so our job now is to keep managing costs.”
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