Travelocity drives Sabre Holdings revenues
Second quarter figures from Sabre Holdings show Travelocity revenues rise sharply in contrast to a decline at Sabre Travel Network.
Travelocity achieved total global revenue of $281 million, an increase of 63% year-on-year. This was based on gross travel booked rising by 58% to $2.7 billion.
This resulted in operating income of $23 million with adjusted earnings before interest, taxes, depreciation and amortization (EBITA) nearly tripled to $31 million.
Travelocity saw air transaction revenue rise by 32%, non-air by 86%, packaging by 25% and the number of hotel room nights sold rose 54% to 4.2 million.
Sabre Travel Network’s second quarter revenue was 2% down to $420 million, with global transactions up by 1% to 91 million. Operating income was $73 million with EBITA $86 million.
Revenue from Sabre Airline Solutions was up 1% to £67 million giving operating income of $10 million and EBITA of $15 million.
Sabre Holdings revenue for the three months was up by 17% to $723 million giving an operating income of $105 million, up from $90 million a year ago. EBITA came in 20% up at $132 million.
The company forecast revenue of $745 million-$775 million for the third quarter and $650 million-$680 million in the final three months.
The holding company’s chairman and CEO Sam Gilliland said: “We had a strong second quarter both financially and operationally. We are pleased to see continued strength in cash generation from our businesses and we remain on track to meet our full-year free cash flow projection.
“We continue to benefit from our strategy of investment in higher growth opportunities while increasing efficiencies in our core business and across our portfolio.”
Report by Phil Davies
Phil Davies
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