Sabre Pushes Through Setbacks Toward Positive Recovery

Despite uneven demand in 2022, Sabre expects continued overall recovery leading to positive free cash flow for the company by the end of this year. 

Uneven demand — though higher overall — was driven by a resurgence in Covid-19 cases, airline and airport operational constraints, airline capacity limits, and regional travel restrictions, Sabre executives described during an earnings call on Wednesday. 

The Texas-based company provides operational software and distribution services to travel agencies, airlines, and hotels.

The number of bookings in the fourth quarter took a hit, primarily in corporate travel and the Asia Pacific region, but those numbers seem to be returning to the recovery trajectory and getting stronger each week. Another hit: Sabre expects a headwind this year of about $100 million in IT solution revenue, primarily because of a new Russian law that forced the company to end tho