Global travel technology leader Sabre Corporation has reported its first quarter 2017 financial results. Sabre president and CEO Sean Menke said Sabre got off to a solid start in the first quarter, with stronger than expected revenue growth. First quarter consolidated revenue increased 6.5% to US$915.4m, compared to US$859.5m the year prior. Airline and Hospitality Solutions revenue grew 8.2% to US$258.0m compared to US$238.4m for the same period in 2016. This was supported by 7.1% growth in passengers boarded and a strong increase in hotel transactions. Travel Network revenue increased 6.1% to US$663.5m, compared to US$625.5m for the same period in 2016, supported by robust bookings in all major regions of the world.
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[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada