Industry Update
External Article29 June 2020

Sabre indicates 'modest' recovery signs but air bookings still slammed

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travelweekly.com

"The environment remains uncertain, with reductions in airline capacity and a volatile macro environment," Sabre said in an unscheduled update to investors this week.

The notice issued by the travel technology and distribution giant says that bookings remained "severely depressed" during April and May but it witnessed modest signs of an initial recovery.

Gross air bookings, passengers boarded and hotel reservations were down around 90% year-over-year, it said.

This month has seen continued slow indications of a recovery but in the three weeks to June 22 the number of passengers board and gross air bookings are still 85% of what they were in the same period in 2019.

Read the full article at travelweekly.com

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