6 May 2014
Sabre Corp. (NASDAQ: SABR) said it was notified last week by Southwest Airlines of its decision to end the competitive bid process for its future reservations system, and that the contract has been awarded to a competitor.
According to a prepared release, Sabre said it “remains under contract to be compensated through December 31, 2016 for continuing to provide reservations services for all domestic flights.”
In 2013, Southwest Airlines´ reservations system contributed approximately one percent of total Sabre revenues, and three percent of Adjusted EBITDA.
Sabre said it “continues to provide opportunity for the company to work with Southwest going forward through its currently installed solutions, as well as future opportunities.”
Sabre is a leading technology provider to the global travel and tourism industry. Headquartered in Southlake, Texas, USA, it operates in approximately 60 countries around the world.