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June 3, 2021, 8:20 a.m. EDT

Sabre sees May air bookings down 62% from 2019

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By Tomi Kilgore

Sabre Corp. /zigman2/quotes/200765742/composite SABR +0.35% disclosed Thursday that May air booking were down 62% from the same month in 2019, as global travel trends continue negatively affected by the COVID-19 pandemic. The travel and tourism services provider said passengers boarded were down 44%. Meanwhile, hotel bookings have seen the "strongest improvement," with gross hotel central reservation system transactions down 35%. The stock rose 0.1% in premarket trading, to buck the selloff in the broader stock market, as futures /zigman2/quotes/209948968/delayed ES00 +0.28% for the S&P 500 /zigman2/quotes/210599714/realtime SPX -1.22% shed 0.8%.

/zigman2/quotes/200765742/composite
US : U.S.: Nasdaq
$ 8.67
+0.03 +0.35%
Volume: 4.84M
Jan. 25, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$2.79 billion
Rev. per Employee
$199,436
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/zigman2/quotes/209948968/delayed
US : U.S.: CME
$ 4,361.00
+12.00 +0.28%
Volume: 114,847
Jan. 25, 2022 10:41p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,356.45
-53.68 -1.22%
Volume: 3.06B
Jan. 25, 2022 5:04p
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