Sabre is still working with regulatory authorities to gain approval for its planned acquisition of Farelogix.

During the company's Q2 earnings call Thursday, CEO Sean Menke addressed the acquisition, which was announced last November. Sabre is looking to Farelogix to boost its work on IATA's New Distribution Capability.

"We are continuing to engage with the U.S. Department of Justice under a second request, as well as the U.K. Competition and Markets Authority, to communicate the significant customer benefits that we believe will arise from the deal," Menke said.

Menke also addressed the recent leadership change at competitor Travelport, which went private after being acquired earlier this year. Former CEO Gordon Wilson stepped down from his post last month, and Greg Webb was named CEO. Webb was a longtime executive at Sabre.

"I think we, like a number of groups, are waiting to see what the direction of the new ownership and new leadership is going to be," Menke said of Travelport. "But … we're running our own race. We feel very good about what we are doing. The customers are responding to what we're doing in the marketplace."

Menke said Sabre Travel Network's recent share growth is evidence of that.

In the second quarter, Sabre CFO Doug Barnett said global booking share increased to 38.6%. Travel Network's revenue increased 1% to $725 million. Sabre expanded its strategic agreement with CWT (No. 5 on Travel Weekly's 2019 Power List) in the quarter.

In North America, Sabre has over 80% market share with large travel management companies, Barnett said. North American bookings grew 8% in the quarter.

In the second quarter, Sabre revenue increased 1.6% to $1 billion, driven by revenue increases in its Travel Network, Airline Solutions and Hospitality Solutions businesses.

Net income fell from $92.2 million in the second quarter of 2018 to $27.8 million this past quarter, driven by a $12.1 million increase in income taxes, increased technology expenses, a decline in technology capitalized expenditures, $8.9 million in acquisition-related costs and "modest growth" in Travel Network incentive expense per booking.

For the full year 2019, Sabre still expects revenue growth of 3-5%. It raised guidance for operating income, now expecting $495-$535 million. It also raised guidance for net income, now expecting $250-$290 million.

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