Sabre reported a nearly 33% increase in third-quarter air
bookings on Thursday, mainly due to the acquisition of Asia-Pacific GDS Abacus
But Sabre had a robust quarter even when excluding
Abacus, with air bookings rising 6.6% worldwide.
Abacus is part of the company’s Sabre Travel Network division,
which reported a 22.1% increase in third-quarter revenue, to $569.2 million.
Third-quarter bookings increased in all regions with the exception of Latin America (a 3.9%
CFO Rick Simonson said he expected that Sabre Travel Network’s
full-year bookings growth would be around 6% and that revenue would increase more
than 5%, excluding Abacus. Including Abacus, he forecasted full-year revenue
growth of 13% and bookings growth of around 17%.
CEO Tom Klein said that despite an economic slowdown in
China, the Asia-Pacific region is continuing to grow as Sabre projected.
Asia-Pacific bookings increased 6% over last year’s third quarter.
“In Q4 specifically, we expect strong Sabre global bookings
growth consistent with the Q3 trends, and this is driven primarily by continued
strength in North America and Europe, Middle East, Africa,” Simonson said.
The Sabre Airline and Hospitality Solutions division also
reported a revenue increase, 4.9% to $219 million. Sabre attributed this rise
to a 4% increase in airline passengers boarded through the SabreSonic
reservations solution, as well as implementing Sabre Hospitality Solutions
products at more than 600 hotels.
Company-wide, Sabre reported that its adjusted net income
grew 29%, to $81 million. Revenue was up 17%, to $785 million.
Earlier this month, Sabre completed the migration of American
Airlines and U.S. Airways to one reservations system. Klein said American
Airlines carries over 190 million passengers annually, making it the largest
airline in the world and the biggest customer using SabreSonic.
“Our team did an
outstanding job in deep collaboration with American Airlines personnel to
ensure a successful technology merger that meets the needs of American Airlines
and their customers,” Klein said. “This initiative was close to flawless,
arguably the most successful technology merger the industry has ever seen.”