Solid third quarter drives Sabre to increase full-year growth guidance

Airline solutions earnings rose just over 1% to $209.4 million and hospitality solutions earnings rose about 3% to $69.9 million.
Highlights inside airline options include the implementation of SabreSonic in LATAM Airlines.

Results to the hospitality industry were just a little below expected, however president and CEO Sean Menke says there is really a “solid pipeline” going forward.
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The company has increased its full-year 2018 revenue and earnings guidance after its 3rd quarter results in the sales growth rate between 4% and 7% to between 7% and 8%.
He was speaking during an analyst call at which he also praised the Sabre team to find its “best performance” in terms of product investment and stability for more than five years.
Solid third quarter drives Sabre to increase full-year growth guidance 1

The company says sales for its travel network, which covers its own supply business, increased 10.7% to $700.2 million.

Menke claims the company is “perhaps maybe not reluctant to move forward” on purchase opportunities for each of those three sections which would help the business grow ahead, after 18 months of internal attention.
Sabre has reported that a 7.7% increase in revenue to $970 million for the third quarter of 2018.

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Operating income for the business was down 22.6percent to $136.8 million and, based on Sabre, was due of”unfavorable comparison” to the third quarter of 20 17, which comprised funds with the company’s insurance carriers regarding lawsuit dating back into 2012.

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