Sabre Holdings and Continental Airlines Sign New Five-Year, Full Content Agreements
16 May 2006 - 7:24AM
PR Newswire (US)
SOUTHLAKE, Texas and HOUSTON, May 15 /PRNewswire-FirstCall/ --
Sabre Holdings (NYSE:TSG) and Continental Airlines (NYSE:CAL) today
announced that Continental has signed new five-year, full content
agreements with Sabre Travel Network and Travelocity. Through the
agreement with Sabre Travel Network, all Continental published
fares and inventory will be available for subscribers of the Sabre
global distribution system (GDS), including online and offline
travel agencies. This includes published fares that the airline
sells through any third-party Web site and through its own Web site
and reservation offices. Concurrent with that agreement,
Continental also signed a new five-year, full-content agreement
with Travelocity. "This long-term agreement ensures travel agencies
that they will have full access to all fare information for
Continental," said Hugh Jones, chief operating officer, Sabre
Travel Network. "This in turn means that their customers, both
business and leisure travelers, can be assured of getting the best
price with the convenience and service they have come to expect."
"We are pleased to provide Sabre subscribers with access to our
full content offering through this agreement," said Jim Compton,
executive vice president of marketing, Continental Airlines.
"Continental has been a strong advocate for change on distribution
efficiency through the GDS channel. This new agreement will help us
to make additional progress towards that goal." About Continental
Airlines Continental Airlines is the world's sixth-largest airline.
Continental, together with Continental Express and Continental
Connection, has more than 3,200 daily departures throughout the
Americas, Europe and Asia, serving 151 domestic and 137
international destinations. More than 400 additional points are
served via SkyTeam alliance airlines. With more than 42,000
employees, Continental has hubs serving New York, Houston,
Cleveland and Guam, and together with Continental Express, carries
approximately 61 million passengers per year. Continental
consistently earns awards and critical acclaim for both its
operation and its corporate culture. For the third consecutive
year, FORTUNE magazine named Continental the No. 1 Most Admired
Global Airline on its 2006 list of Most Admired Global Companies.
For more company information, visit continental.com. About Sabre
Travel Network Sabre Travel Network, a Sabre Holdings company,
provides access to the world's leading global distribution system
(GDS). The Sabre GDS is a ready- built efficient marketplace that
connects suppliers, including hundreds of airlines and thousands of
hotels, with more than 50,000 travel agency locations. Suppliers
get access through one single connection; travel agents get real
time access to thousands of travel products from multiple suppliers
through one source integrated into their businesses; consumers get
access to a global supermarket of the world's greatest travel
possibilities. Key brands of Sabre Travel Network include GetThere,
the leading Web-based corporate travel reservation technology, and
Jurni Network, the unique leisure travel agency consortium in the
United States that enables members to sell more products from
preferred travel suppliers using sophisticated market intelligence.
Sabre Holdings (NYSE:TSG) connects people with the world's greatest
travel possibilities by retailing travel products and providing
distribution and technology solutions for the travel industry. More
information about Sabre Holdings is available at
http://www.sabre-holdings.com/. Statements in this release which
are not purely historical facts or which necessarily depend upon
future events, including statements about the value expected from
the agreements with Continental Airlines and Sabre Holdings
Corporation's statements about anticipations, beliefs,
expectations, hopes, intentions or strategies for the future, may
be forward looking statements within the meaning of Section 21E of
the Securities Exchange Act of 1934, as amended. Readers are
cautioned not to place undue reliance on forward looking
statements. All forward looking statements are based upon
information available to Sabre Holdings Corporation on the date
this release was issued. Sabre Holdings Corporation undertakes no
obligation to publicly update or revise any forward looking
statements, whether as a result of new information, future events
or otherwise. Any forward looking statements involve risks and
uncertainties that could cause actual events or results to differ
materially from the events or results described in the forward
looking statements, including risks or uncertainties related to
Sabre Holdings Corporation revenues being subject to adverse
changes to our travel supplier relationships and potential
substantial decreases in travel transaction volumes. Sabre Holdings
Corporation may not succeed in addressing these and other risks.
Further information regarding factors that could affect our
financial and other results can be found in the risk factors
section of Sabre Holdings Corporation's most recent filing on Form
10-K with the Securities and Exchange Commission. DATASOURCE: Sabre
Holdings; Continental Airlines CONTACT: Sabre Contacts: Media
Contact: Kathryn Hayden of Sabre Travel Network, +1-682-605-2252, ,
IR Contact: Karen Fugate of Sabre Holdings, +1-682-605-2343, ; or
Continental Airlines Corporate Communications, Houston:
+1-713-324-5080, Email: , News archive:
continental.com/company/news Web site:
http://www.sabre-holdings.com/ http://www.continental.com/
http://www.continental.com/company/news
Copyright
Stars (NASDAQ:TSG)
Historical Stock Chart
From Sep 2024 to Oct 2024
Stars (NASDAQ:TSG)
Historical Stock Chart
From Oct 2023 to Oct 2024