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Sept. 3, 2021, 8:24 a.m. EDT

Travel company Sabre says August bookings remained sharply below 2019 levels as pandemic continued to weigh

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By Ciara Linnane

Travel company Sabre Corp. /zigman2/quotes/200765742/composite SABR +0.35% said Friday global travel trends remained under pressure from the coronavirus pandemic in August, reflecting COVID-19 case counts, vaccination rates and regional travel restrictions. In a filing with the Securities and Exchange Commission, the company said its net air bookings were down about 65% in the month compared with August of 2019, before the outbreak. Passengers boarded were down about 38% versus August 2019 and gross hotel central reservations were down about 22%. The stock was not yet active premarket but is down about 7% in the year to date, while the S&P 500 /zigman2/quotes/210599714/realtime SPX -1.22% has gained 20.8%.

/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/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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