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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Sabre Corporation    SABR

SABRE CORPORATION

(SABR)
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Sabre : Singapore Airlines Leverages Sabre to Propel NDC Offering to Travel Agents

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09/25/2019 | 09:10am EST

SINGAPORE - Sabre Corporation (NASDAQ: SABR), the leading technology provider to the global travel industry, today announced a collaboration with Singapore Airlines for the expansion of their NDC program, the KrisConnect Programme. Effective November 2019, this venture will provide select Sabre connected agents in Singapore with the ability to access and book unique NDC content from Singapore Airlines. As the program continues to roll-out across the region, all Sabre connected agents will have the ability to leverage KrisConnect.

As a member of Sabre's innovative Beyond NDC program since 2018, Singapore Airlines' commitment to NDC is well established. The new KrisConnect program, which will expand digital distribution capabilities and enrich the customer experience, further establishes collaboration between two industry leaders, which will be essential to the success of the program.

Under the KrisConnect program, Sabre will provide travel agents with scalable, NDC-enabled offerings from Singapore Airlines, and enable end-to-end workflows with rich, integrated content. With this launch, Sabre agencies will have access to a broader array of fares and a more tailored shopping experience via the Sabre agency point-of-sale, in addition to having access to new, KrisConnect-exclusive content categories, ancillary bundles, and third-party content.

'Sabre is pleased to support Singapore Airlines in their fast-tracked NDC journey. With our scalable platform, we can transform the way air products are retailed, fuel product differentiation and optimize time-to-market to generate incremental revenue for the carrier,' said Rakesh Narayanan, vice president, South Asia and Pacific, Sabre Travel Solutions Airline Sales. 'Together, with our long-term customer Singapore Airlines, Sabre is committed to making NDC become an everyday reality for travelers, carriers, agencies, corporations and more,' he added.

About Sabre Corporation

Sabre Corporation is the leading technology provider to the global travel industry. Sabre's software, data, mobile and distribution solutions are used by hundreds of airlines and thousands of hotel properties to manage critical operations, including passenger and guest reservations, revenue management, flight, network and crew management. Sabre also operates a leading global travel marketplace, which processes more than US$120 billion of global travel spend annually by connecting travel buyers and suppliers. Headquartered in Southlake, Texas, USA, Sabre serves customers in more than 160 countries around the world.

Media Contact:

Maxime-Elisabeth Illick

maxime.illick@sabre.com

+65 6426 0088

(C) 2019 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
SABRE CORPORATION -0.93% 22.27 Delayed Quote.2.91%
SINGAPORE AIRLINES LIMITED -0.11% 9.14 End-of-day quote.-3.08%
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Financials (USD)
Sales 2019 3 979 M
EBIT 2019 519 M
Net income 2019 175 M
Debt 2019 2 927 M
Yield 2019 2,59%
P/E ratio 2019 36,4x
P/E ratio 2020 25,5x
EV / Sales2019 2,27x
EV / Sales2020 2,11x
Capitalization 6 099 M
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Mean consensus OUTPERFORM
Number of Analysts 9
Average target price 26,43  $
Last Close Price 22,27  $
Spread / Highest target 32,5%
Spread / Average Target 18,7%
Spread / Lowest Target 3,28%
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Managers
NameTitle
Sean E. Menke President, Chief Executive Officer & Director
Lawrence W. Kellner Non-Executive Chairman
Douglas E. Barnett Chief Financial Officer & Executive Vice President
Joe DiFonzo Chief Information Officer
Karl Ivar Peterson Independent Director
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