Solid third quarter drives Sabre to increase full-year growth guidance
Linda Fox, PhocusWire
Sabre has reported a 7.7% increase in revenue to $970 million for the third quarter of 2018.
The company says revenue for its travel network, which covers its distribution business, increased 10.7% to $700.2 million.
Airline solutions revenue increased just over 1% to $209.4 million and hospitality solutions revenue increased about 3% to $69.9 million.
Highlights within airline solutions include the implementation of SabreSonic at LATAM Airlines.
In the hospitality division, the SynXis reservation system saw revenue growth related to an increase in transactions.