Sabre says it expects adjusted EBITDA to exceed pre-pandemic levels only by 2025, as travel continues its slow recovery from the impact of the coronavirus.
Sabre reported Q4 revenue of $501 million, up 60% year-on-year, attributing the jump to an increase in air, hotel and other travel bookings.
The company made an operating loss of $126 million compared with $220 million for Q4 2020.
In an analyst call, CEO Sean Menke describes 2022 as the midpoint of Sabre’s technology transformation. Sabre plans to have the transformation completed by the end of 2024 when Menke believes the company will be ahead of competitors with its technology and “efficient cost structure.”
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