Sabre's GDS market share on the rise
In the second quarter, Sabre reported a 12% year-over-year increase in revenue to $738 million
During Sabre's Q2 earnings call on Thursday, president and CEO Kurt Ekert said the company has gained GDS market share based on Sabre Market Intelligence. Its share of air bookings in the quarter was 33.7%, up from 32.3% in the second quarter of 2022.
Key takeaways
- In the first quarter of 2023, Sabre had reported 34% of air bookings, up from 31.5% in the first quarter of 2022;
- Sabre is now expecting better revenue results for the full year than it previously predicted;
- The company operated at a loss of $42 million, compared to a $70 million operating loss in the second quarter of 2022.
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