While corporate and international travel recovered "nicely" during the second quarter, the recovery rate has begun to slow down in recent weeks—which could be a temporary slowdown, Sabre CEO Sean Menke said Tuesday during the company's earnings call.
Sabre reported second-quarter consolidated revenues of $658 million, up from $420 million in the second quarter of 2021. Its net loss for the quarter was $193 million, an improvement from the net loss of $251 million in the second quarter of 2021.
Global bookings through Sabre in the second quarter totaled 81 million, 57 percent of 2019 levels, Sabre reported. Net air bookings improved against 2019 comparisons throughout the quarter—starting at 52 percent of 2019 levels in April and rising to 56 percent in May and 60 percent in June.
The second quarter "showed the strongest sequential quarterly bookings improvement since the pandemic recovery started in June 2020," Menke said, with Latin America the most recovered region and the Asia-Pacific region the most lagging.
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