SOUTHLAKE, Texas, 18 February 2021: The unprecedented impact of the Covid-19 pandemic is reflected in the declared operating loss of USD988 million on Sabre Corporation balance sheet for the year ending 31 December.
The B2B global booking system for airlines announced on
Wednesday its financial results for the fourth quarter and year ended 31
For the full year 2020, Sabre suffered a consolidated
revenue decrease of 66% to USD1.3 billion, compared to USD4 billion for the
prior year. The decline in revenue was driven by unprecedented reductions in
global air, hotel and other travel bookings due to the Covid-19 pandemic.
The operating loss stood at USD988 million compared to an
operating income of USD363 million in…