While Sabre's global bookings were up 3.2% year over year in the third quarter, growth was dampened by about 1% due to the hurricanes that hit parts of the U.S. and the Caribbean in August and September.

Bookings in North America and Latin America were both down 1.9% in the quarter as a result of the storms, CFO Rick Simonson said. Global growth was driven by a 16% increase in bookings in EMEA (Europe, the Middle East and Africa) and 10.8% growth in Asia Pacific.

Also on the earnings call, CEO Sean Menke outlined a timeline for the company to achieve Level 2 and 3 certification for IATA's New Distribution Capability (NDC).

IATA certifies airlines, travel agencies, aggregators and IT providers at one of three levels, with Level 3 denoting the highest level of NDC compliance. Sabre is Level 1 certified.

According to Menke, Sabre is on track to achieve Level 2 certification by the second quarter of 2018, and Level 3 by the third quarter.

He said Sabre is working on NDC solutions with both its airline and agency customers.

"It's not about direct versus indirect," he said of NDC. "It's about facilitating retailing across all channels, and we expect the GDS and our agency customers will continue to have an important role to play."

Sabre reported $91 million in net income, a 122.9% increase from $40.8 million. The increase was partially attributed to a $27.5 million settlement with insurance carriers from litigation settled in 2012, Sabre said.

Sabre's Q3 revenue was $900.6 million, up 7.3% from last year's $839 million.


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