Sabre reports booking growth as Q3 loss widens

Corporate travel bookings remain about 25% below pre-pandemic levels, the company says

Nov 3, 2023

Sabre reported a 12% increase in total third-quarter bookings year over year, which helped push an 11% increase in Travel Solutions revenue to $671.9 million. The bookings growth included an 11% year-over-year increase in air bookings to 76.1 million.

Key takeaways

  • Non-air travel bookings for Sabre increased 18% year over year in the third quarter to 13.4 million;
  • Sabre Hospitality Solutions revenue was up 16% year over year to $78.6 million, and total revenue was up 12% to $740.5 million in the third quarter;
  • Sabre reported a net loss of $211.8 million for the quarter, compared with a $140.7 million net loss in the third quarter of 2022.

Get the full story at BTN

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