Sabre Market Share Slips Slightly

The “muted” growth of the North America GDS market, where Sabre has a “big base,” caused the company’s second-quarter worldwide GDS market share to slip slightly to 35.6 %, down from 35.8 % in the second quarter of 2013, according to Tom Klein, president and chief executive officer of Sabre Corp. The drop was not due to the loss of any customers, Klein said. “We’re acquiring new customers, at the expense of our competitors,” he said.

Sabre reported a 0.2% increase in total bookings, to 94,914, in the second quarter. Air bookings were up 0.4%. The company narrowed its net loss for the quarter to $10.9 million, a hefty improvement over the $116.9 million net loss of a year ago. Revenues were down 6.6%, to $718 million, due to the strategic marketing agreement with Expedia for the restructuring of Travelocity. Sabre Travel Network’s revenues were up 1.3%, to $462.3 million. Revenues from the company’s IT businesses – Sabre Airline Solutions and Sabre Hospitality Solutions – grew 4.9%, to $186.5 million.

–Michele McDonald