Item 7.01. Regulation FD Disclosure.
On
In
• Our gross air bookings recovered to approximately 55%, • Net air bookings recovered to approximately 56%, • Passengers boarded recovered to approximately 86%, and • Gross hotel central reservation system transactions recovered to approximately 112%.
We are encouraged that, notwithstanding the operational challenges faced by the
airline industry during the summer, both our net air bookings and passengers
boarded reached their highest levels for us in the last week of August since the
beginning of the COVID-19 pandemic's severe impact on the travel industry in
The recovery in our key volume metrics versus 2019 levels is summarized in the chart below.
[[Image Removed: LOGO]] 1 7-Day moving average; calendar shifted; CRS transactions are community model only; data throughAugust 31, 2022 .
Forward-looking statements
Certain statements herein are forward-looking statements about trends, future
events, uncertainties and our plans and expectations of what may happen in the
future. Any statements that are not historical or current facts are
forward-looking statements. In many cases, you can identify forward-looking
statements by terms such as "expect," "goal," "outlook," "opportunity,"
"target," "future," "believe," "trend," "plan," "guidance," "anticipate,"
"will," "forecast," "continue," "on track," "trajectory," "scenario,"
"strategy," "estimate," "project," "possible," "may," "should," "would,"
"intend," "potential," or the negative of these terms or other comparable
terminology. Forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause Sabre's actual results,
performance or achievements to be materially different from any future results,
performances or achievements expressed or implied by the forward-looking
statements. The potential risks and uncertainties include, among others, the
severity, extent and duration of the global COVID-19 pandemic and its impact on
our business and results of operations, financial condition and credit ratings,
as well as on the travel industry and consumer spending more broadly, the
actions taken to contain the disease or treat its impact, the effectiveness and
rate of vaccinations, the effect of remote working arrangements on our
operations and the speed and extent of the recovery across the broader travel
ecosystem, dependency on transaction volumes in the global travel industry,
particularly air travel transaction volumes, including from airlines'
insolvency, suspension of service or aircraft groundings, the effect of cost
savings initiatives, the timing, implementation and effects of the technology
investment and other strategic initiatives, the completion and effects of travel
platforms, exposure to pricing pressure in the
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the travel distribution market and solutions markets, implementation of software
solutions, reliance on third parties to provide information technology services
and the effects of these services, implementation and effects of new, amended or
renewed agreements and strategic partnerships, including anticipated savings,
dependence on establishing, maintaining and renewing contracts with customers
and other counterparties and collecting amounts due to us under these
agreements, dependence on relationships with travel buyers, collection,
processing, storage, use and transmission of personal data and risks associated
with PCI compliance, our ability to recruit, train and retain employees,
including our key executive officers and technical employees, the financial and
business results and effects of acquisitions and divestitures of businesses or
business operations, reliance on the value of our brands, the effects of any
litigation and regulatory reviews and investigations, adverse global and
regional economic and political conditions, including, but not limited to,
recessionary or inflationary economic conditions, risks related to the current
military conflict in
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