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Sabre's second quarter revenue increased 1.6%

08/01/2019| 9:36:16 PM| 中文

Travel Network revenue increased 0.7% to $724.6 million with global air bookings share increased 120 basis points to 38.6%.

Sabre today announced financial results for the quarter ended June 30, 2019.

Highlights

• Second quarter revenue increased 1.6% to $1,000.0 million, compared to $984.4 million in the year ago period.

• Travel Network revenue rose 0.7%, with bookings growth of 0.9%

• Airline Solutions revenue increased 3.4%

• Hospitality Solutions revenue grew 8.1%

• Net income attributable to common stockholders totaled $27.8 million, versus $92.2 million in the second quarter of 2018.

• Adjusted EPS totaled $0.24

• Cash provided by operating activities totaled $105.7 million

Adjusted Operating Income was $127.0 million, versus $172.0 million in the second quarter of 2018.

Operating income was $81.9 million, versus $138.8 million in the second quarter of 2018.

Travel Network

Second quarter 2019 highlights (versus prior year):

• Travel Network revenue increased 0.7% to $724.6 million.

• Global air bookings share increased 120 basis points to 38.6%.

• Global bookings increased 0.9% in the quarter, stronger than the GDS industry. Global bookings growth was supported by an increase of 7.9% in North America, representing the company's largest global footprint. Strong North American bookings growth offset a decline in international bookings.

• Operating income totaled $159.4 million, versus $195.1 million in the second quarter of 2018, and operating income margin was 22.0%.

Airline Solutions

Second quarter 2019 highlights (versus prior year):

• Airline Solutions revenue increased 3.4% to $211.8 million, supported by 14.7% growth in AirVision and AirCentre commercial and operations solutions revenue. SabreSonic revenue declined 3.0% due to the previously discussed impact of certain outside factors including the insolvency of Jet Airways and volume reductions at a certain carrier due to a 737 MAX incident, as well as the de-migrations of Pakistan International Airlines and Philippine Airlines.

• Airline passengers boarded declined 7.8% in the quarter. Excluding the carriers referenced above, airline passengers boarded grew 4.3%.

• Operating income totaled $22.7 million, versus $22.8 million in the second quarter of 2018, and operating income margin was 10.7%.

Hospitality Solutions

Second quarter 2019 highlights (versus prior year):

• Hospitality Solutions revenue increased 8.1% to $73.9 million, primarily driven by growth in central reservation system transactions.

• Central reservation system transactions increased 28.1% to 28.9 million.

• Operating loss was $5.7 million, versus income of $2.0 million in the second quarter of 2018.

Full-Year 2019 Guidance

Sabre raised full-year 2019 earnings guidance

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TAGS: Sabre | GDS | Financial Statement
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