Sabre says booking fees continue to rise

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Sabre CFO Mike Randolfi said there has been "a favorable mix" in the types of travel and in the airlines making the bookings.
Sabre CFO Mike Randolfi said there has been "a favorable mix" in the types of travel and in the airlines making the bookings. Photo Credit: Pogonici/Shutterstock

Sabre's average booking fee was $5.81 in the first quarter, up 7% from a year earlier.  

During the company's first-quarter earnings call Thursday, CFO Mike Randolfi attributed that increase to growing corporate travel volume.

Sabre's average booking fee has been increasing for the past several quarters. 

"We've seen over the last several quarters a favorable mix in the types of travel and the mix of airlines, and that continued in the first quarter of this year," Randolfi said.

Specifically, there was "significant strength" in the Asia Pacific region that drove the average booking fee higher.

President and CEO Kurt Ekert said that number was also bolstered by "above average" booking fees from non-air bookings, which were up 8% year over year.

Ekert expects Sabre's average booking fee to remain near $5.81 for the remainder of the year.

Revenue in the first quarter totaled $783 million, a 5% increase. Sabre's operating income was $98 million compared to an operating loss of $213,000 in the first quarter of 2023.

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