Sabre revenue sinks by 92 per cent
Sabre Corp reported an Q2 operating loss of $384 million as revenue plunged a massive 92% to just $83 million.
Last year’s second quarter brought in $1 billion in revenue.
Sabre CEO Sean Menke said air bookings were at their lowest ebb in April, with cancellations topping new bookings.
Business slightly picked up in May and June but was still only a fraction of normal levels for the time of year.
Menke said the beginning of the third quarter was quite stagnant as many states saw a surge in new Covid-19 infections but it has improved slightly in recent days.
He is not positive of a quick turnaround.
"Although we exited the quarter with positive net air bookings in June for the first time since early March, and stronger improvement in hotel bookings, the overall travel environment remains severely depressed."
Nevertheless, Sabre remains fairly upbeat as it has just renewed key distribution agreements with some major airline customers including United Airlines and Air New Zealand.
By Ray Montgomery, US editor
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
CCS Insight: eSIMs ready to take the travel world by storm
Germany new European Entry/Exit System limited to a single airport on October 12, 2025
Airlines suspend Madagascar services following unrest and army revolt
Qatar Airways offers flexible payment options for European travellers
Air Mauritius reduces frequencies to Europe and Asia for the holiday season