SOUTHLAKE, Texas, May 5, 2014 /PRNewswire/ -- Sabre Corporation
(NASDAQ: SABR) reported that it was notified earlier today by
Southwest Airlines of its decision to end the competitive bid
process for its future reservations system. Sabre was further
notified that the contract has been awarded to a competitor.
Sabre remains under contract to be compensated through
December 31, 2016 for continuing to
provide reservations services for all domestic flights.
In 2013, Southwest Airlines' reservations system contributed
approximately one percent of total Sabre revenues, and three
percent of Adjusted EBITDA.
Sabre's leading SabreSonic CSS reservation solution is a market
leader with strong market momentum. The robust and flexible
solution was recently selected by the combined American Airlines
and U.S. Airways, the world's largest airline.
Sabre's broad portfolio of airline solutions continues to
provide opportunity for the Company to work with Southwest going
forward through its currently installed solutions, as well as
future opportunities.
Sabre® is a leading technology provider to the
global travel and tourism industry. Sabre's software, data, mobile
and distribution solutions are used by hundreds of airlines and
thousands of hotel properties to manage critical operations, such
as passenger and guest reservations, revenue management, and
flight, network and crew management. Sabre also operates a leading
global travel marketplace, processing over $100 billion of estimated travel spend in 2013 by
connecting travel suppliers to their most valued customers, the
business traveler. Headquartered in Southlake, Texas, USA, Sabre operates in
approximately 60 countries around the world.
Media Contact:
Nancy St.
Pierre
Sabre
+1 682-605-3864
Nancy.st.pierre@sabre.com
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SOURCE Sabre