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Starting Amount
$
After
years
Dividend yield
%
Dividends reinvested
$
Sabre Corporation
Type
Public
Traded as
  • NASDAQ: SABR
  • S&P 400 component
Industry Travel technology
Travel services
Founded 1960 (1960)
Headquarters Southlake, Texas, United States
Key people
Lawrence Kellner
(Executive Chairman)
Sean Menke
(President and CEO)
Products TripCase
GetThere
Sabre Airline Solutions
Sabre Travel Network
Sabre Hospitality Solutions
Revenue IncreaseUS$3.37 billion (2016)
Operating income
DecreaseUS$459.57 million (2016)
Net income
DecreaseUS$242.56 million (2016)
Total assets IncreaseUS$5.72 billion (2016)
Total equity IncreaseUS$625.61 million (2016)
Number of employees
IncreaseAround 9,000 (2017)
Website www.sabre.com

Sabre Corporation is a travel technology company based in Southlake, Texas. It is the largest Global Distribution Systems provider for air bookings in North America. American Airlines founded the company in 1960, and it was spun off in 2000. Texas Pacific Group and Silver Lake Partners acquired Sabre in 2007. Sabre began publicly trading on the NASDAQ in 2014.

Sabre Hospitality Solutions, an IT solutions provider, is the company's largest growing division.

In 1953, C.R. Smith, the president of American Airlines, met Blair Smith, an IBM salesman, on a flight and developed the Sabre (the Semi-Automatic Business Research Environment) concept. The system was based on SAGE, the first major system to use interactive real-time computing, which IBM had developed for military use. Sabre Corporation was founded in 1960 by American Airlines. Sabre Corporation installed the first Sabre reservation system in Briarcliff Manor, New York that year. The system consisted of two IBM 7090 mainframe computers and processed 84,000 calls per day.

In 1964, Sabre's nationwide network was completed and became the largest commercial real-time data-processing system in the world. Sabre Corporation handled 7500 passenger reservations per hour in 1965. The Sabre system upgraded to IBM S/360 and moved to a new center in Tulsa, Oklahoma in 1972. In 1976, the Sabre system was installed into a travel agency for the first time. This allowed travel agents to have instant access to flights. By the end of the year, 130 locations installed the Sabre system. Sabre introduced BargainFinder, the industry's first automated low-fare search capability, in 1984. The following year, easySabre was launched. It gave consumers with personal computers access to the Sabre system to make airline, hotel and car rental reservations.

In 1996, the company launched Travelocity, an online travel agency. Sabre formed a joint venture with Abacus International in 1998 to create the SabreSonic passenger solution, a customized version of Sabre's reservations system to Abacus subscribers in Asia.

AMR Corporation, the parent company of American Airlines, spun off its controlling stake in Sabre Corporation in 2000 to form an independent company. The following year, Sabre began migrating its old mainframe for air travel shopping and pricing to HP NonStop and Linux servers. In 2005, the company acquired lastminute.com, an online travel and leisure retailer.

Texas Pacific Group and Silver Lake Partners acquired Sabre Corporation in March 2007. In March 2010, the company acquired Calidris, a revenue integrity and business intelligence solutions company. Sabre Corporation acquired SoftHotel, a web-based property management solutions provider, in June 2011. The company launched Sabre Red App Centre in March 2012. In April 2014, Sabre Corporation went public on NASDAQ under the ticker symbol SABR. The IPO sold for $16 per share and valued Sabre at $3.93 billion. The company acquired Genares, a hospitality technology company, that September.

In December 2014, Bravofly Rumbo Group acquired Sabre European Online Travel Agency, lastminute.com.

In January 2015, Sabre sold its Travelocity brand to Expedia, Inc. for $280 million. In July 2015, Sabre acquired Abacus International, a global distribution system based in the Asia-Pacific region. The deal included long-term distribution agreements between Sabre and the 11 Asian airlines that previously shared ownership of Abacus.

In June 2016, Sabre announced Tom Klein would be resigning as CEO by the end of 2016.

The company is based in Southlake, Texas and has additional offices in London, Kraków, Bangalore, Montevideo and Buenos Aires. In December 2013, the company handled approximately 85000 data transactions every second for customers according to the Fort Worth Star-Telegram. At the time, the company did business with 70 airlines and 100,000 hotels. It operates under the platforms Travel Network, Airline and Hospitality Solutions.

Investment goal date:
Dividends reinvested
Sabre Corporation SABR report Q3 2017
Period
Date
Adjusted Actuals EPS
GAAP EPS
Q1 2018
2018-05-01
--
--
Q4 2017
2018-02-05
--
--
Q3 2017
2017-10-31
0.3100
0.3300
Q2 2017
2017-08-01
0.3500
-0.0200
Q1 2017
2017-05-02
0.4200
0.2700
Q4 2016
2017-02-07
0.2700
0.1100
Q3 2016
2016-11-02
0.2700
0.1500
Q2 2016
2016-08-02
0.3700
0.2600
Q1 2016
2016-04-28
0.4100
0.3300
Q4 2015
2016-02-09
0.2700
0.1000
There is presents forecasts or rating agencies and recommendation for investors about this ticker
Funds
Fund Name
Ticker shares
BlackRock Inc.
15406248
BlackRock Institutional Trust Company, N.A.
5754144
BROWN BROTHERS HARRIMAN & CO
3556688
Burgundy Asset Management Ltd.
9331715
CANTILLON CAPITAL MANAGEMENT LLC
3953120
Capital World Investors
16283334
FMR LLC
10733095
MAVERICK CAPITAL LTD
18205930
PRICE T ROWE ASSOCIATES INC /MD/
16267294
PRUDENTIAL PLC
5135214
Silver Lake Group, L.L.C.
30019094
STATE STREET CORP
3775971
TPG Group Holdings (SBS) Advisors, Inc.
45856647
Vanguard Group, Inc
15474924
Vulcan Value Partners, LLC
10962006
Major Shareholders
Name Relationship
Total Shares
Holding stocks
ODOM JUDY C
0.0200% (43349)
HHS / LEG / SABR /
JONES HUGH W
0.0200% (46500)
GOGO / SABR /
KLEIN THOMAS
0.2200% (573018)
FUN / SABR /
KUSIN GARY M
0.0200% (42966)
SABR /
KELLNER LAWRENCE W
0.0800% (221904)
ACE / BA / CB / MAR / SABR /
SHIRK DAVID J
0.0500% (136726)
SABR /
MENKE SEAN E
0.0600% (163980)
HA / IHS / SABR /
KERR DEBORAH
0.0200% (49963)
CHS / EXLS / SABR /
Bravante George R Jr
0.0200% (40318)
SABR /
Simonson Richard A
0.0700% (195103)
EA / SABR / SSNI /
James Renee Jo
0.0100% (27435)
Silver Lake Group, L.L.C.
11.3400% (30019094)
SABR /
Rowe Zane
0.0100% (21035)
EMC / SABR / VMW /
TPG Group Holdings (SBS) Advisors, Inc.
17.3200% (45856647)
Sparks Carl
0.1000% (274931)
DNKN / SABR / VG /
Gonzalez Rachel A
0.0400% (115297)
DAN / DF / SABR /
Webb Gregory T
0.0300% (80666)
SABR /
Robinson William G Jr
0.0400% (113531)
APEI / SABR /
Alt Alexander S
0.0100% (27805)
SABR /
Cordell Jami
0.0100% (18934)
SABR /
% ()