Drive American logo(19).jpg

Published on Monday, August 10, 2020

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

Story Image

Your Comments

, be the first to post a comment.
Your email:

Email other comments made to this story

NOTE: Comments are subject to admin approval before being posted.
Mole Poll
'WTM London abandons plans for live 2020 event' - Will Covid prove the end for WTM ?
No 50.41 %
Yes 49.59 %

Thank you for your vote

What is GoodtoGo?

Submit your news
or special offer

Current UK Special Edition

Current US Special Edition

Current Asia/Pacific Special Edition


Air Transat are 'over ready' for take off as long as the governments act fast

Craig and Andy of Flexireps explain the range of services they offer and to whom

Visit Brighton launch new 'Never Normal' campaign and look to a post Covid world

PATA UK Chapter Chairman talks about 2021 as the start of the come back for the region