Sabre's bookings and revenue each increased 7.7% in the
third quarter, prompting the company to increase 2018 guidance for revenue and
Revenue increased for each of Sabre's business units --
Travel Network, Airline Solutions and Hospitality Solutions -- led by Travel
Network's 10.7% bump to $700.2 million.
Airline Solutions and Hospitality Solutions revenue
increased 1.1% and 3.1% to $209.4 million and $69.9 million, respectively.
Bookings were up in Asia-Pacific (17.8%), North America (8%)
and Europe, the Middle East and Africa (3.7%). Latin American bookings declined
Sabre's net income decreased 19.8% to $73 million because of
a $27.5 million settlement with insurance carriers in a case from 2012.
Sabre increased its 2018 guidance, expecting 7% to 8% growth
in revenue, up from 4% to 7%. Net income is now expected to grow 6% to 9%, up
from the previous projection of a 1%
decline to a 9% increase.