Home > > Sabre's revenue increases 2.8% to $3.975 billion in 2019

Sabre's revenue increases 2.8% to $3.975 billion in 2019

02/26/2020| 11:11:19 PM| 中文

Sabre's global air bookings share increased 130 basis points to 38.8% in 2019.

Sabre announced financial results for the quarter and year ended December 31, 2019. 

Fourth quarter 2019 highlights:

Sabre consolidated fourth quarter revenue increased 1.9% to $941.4 million, compared to $923.9 million in the fourth quarter of 2018.

Operating income was $57.6 million, versus $121.0 million in the fourth quarter of 2018.

Net income attributable to common stockholders totaled $10.1 million, versus $84.4 million in the fourth quarter of 2018.

Fourth quarter consolidated Adjusted Operating Income was $97.6 million, versus $157.9 million in the fourth quarter of 2018. 

For the quarter, Sabre reported Adjusted Net Income from continuing operations per share (Adjusted EPS) of $0.16, versus $0.34 per share in the fourth quarter of 2018. 

During the fourth quarter of 2019, Sabre returned $38.3 million to shareholders through its regular quarterly dividend.

Full year 2019 highlights:

For the full-year 2019, Sabre total consolidated revenue increased 2.8% to $3.975 billion, compared to $3.867 billion for the prior year. 

Operating income was $363.4 million, versus $562.0 million in 2018.

Net income attributable to common stockholders totaled $158.6 million, versus $337.5 million in 2018. Diluted net income attributable to common shareholders per share (EPS) totaled $0.57, versus $1.22 in 2018.

Consolidated Adjusted Operating Income totaled $513.4 million, a 26.8% decrease from $701.4 million in 2018. 

For the full-year 2019, Sabre reported Adjusted EPS of $1.01, versus $1.54 per share in 2018

• Free Cash Flow totaled $466.1 million (vs. $440.9 million) 

For the full year, Sabre returned $231.1 million to shareholders, including $153.5 million through its regular quarterly dividend and the repurchase of 3.7 million shares for approximately $77.6 million in aggregate under its share repurchase authorization.

Travel Network Fourth quarter 2019 highlights (versus prior year): 

• Travel Network revenue increased 1.2% to $673.1 million. 

• Global air bookings share increased 180 basis points to 38.9%. 

• Global bookings increased 1.2% in the quarter, stronger than the GDS industry. Global bookings growth was supported by an increase of 5.0% in North America, representing the Company's largest global footprint. Strong North American bookings growth offset a decline in international bookings. The GDS industry declined in the quarter due to challenging macroeconomic and geopolitical factors, channel shift driven by the legacy European carrier families and the insolvency of a large Indian carrier. 

• Operating income totaled $136.9 million, versus $165.3 million in the fourth quarter of 2018, and operating income margin was 20.3%. 

Full year 2019 highlights (versus prior year): 

• Travel Network revenue increased 2.7% to $2.883 billion. 

• Global air bookings share increased 130 basis points to 38.8%. 

• Global bookings increased 1.4%, driven by 6.2% growth in North America, representing the Company's largest global footprint. Strong North American bookings growth offset a decline in international bookings. The GDS industry declined during the year due to challenging macroeconomic and geopolitical factors, channel shift driven by the legacy European carrier families and the insolvency of a large Indian carrier. 

• Operating income totaled $646.8 million, versus $753.3 million in 2018, and operating income margin was 22.4%. 

Airline Solutions Fourth quarter 2019 highlights (versus prior year): 

• Airline Solutions revenue increased 2.8% to $207.6 million 

• Airline passengers boarded increased 1.6% in the quarter. Excluding the carriers referenced above and the acquisition of Radixx, airline passengers boarded grew 4.1%. 

• Operating income totaled $17.7 million, versus $29.1 million in the fourth quarter of 2018, and operating income margin was 8.5%. 

Full year 2019 highlights (versus prior year): 

• Airline Solutions revenue increased 2.1% to $840.3 million

• Airline passengers boarded declined 1.5%. Excluding the carriers referenced above and the acquisition of Radixx, airline passengers boarded grew 5.8%. 

• Operating income totaled $80.4 million, versus $111.1 million in 2018, and operating income margin was 9.6%. 

Hospitality Solutions Fourth quarter 2019 highlights (versus prior year): 

• Hospitality Solutions revenue increased 6.9% to $71.4 million, primarily driven by growth in central reservation system transactions. 

• Central reservation system transactions increased 16.4% to 26.1 million.

• Operating loss was $6.2 million, versus income of $3.0 million in the fourth quarter of 2018. 

Full year 2019 highlights (versus prior year): 

• Hospitality Solutions revenue increased 7.3% to $292.9 million, primarily driven by growth in central reservation system transactions 

• Central reservation system transactions increased 22.4% to 108.5 million. 

• Operating loss was $21.6 million, versus income of $12.9 million in 2018. 

Read Original Report

TAGS: Sabre | GDS | financial report
©2020 广州力矩资讯科技有限公司 粤ICP备06070077号
Tell us more about yourself!